Remove 2023 Remove Apparel Remove Automotive
article thumbnail

Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

1, 2023 /PRNewswire/ — Economic activity in the manufacturing sector contracted in August for the 10th consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®. Contingency plans in place for sub-tiers.

article thumbnail

Manufacturing PMI® at 46.3%; March 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

With Business Survey Committee panelists reporting softening new order rates over the previous 10 months, the March composite index reading reflects companies continuing to slow outputs to better match demand for the first half of 2023 and prepare for growth in the late summer/early fall period.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Manufacturing PMI® at 47.1%; April 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

The April composite index reading reflects companies continuing to manage outputs to better match demand for the first half of 2023 and prepare for growth in the late summer/early fall period. Customers starting to talk build rate reductions for the second half of 2023.” ” Fiore continues, “The U.S.

article thumbnail

Manufacturing PMI® at 49%; September 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

NEWS PROVIDED BY: Institute for Supply Management 02 Oct, 2023, 10:00 ET New Orders and Backlogs Contracting; Employment and Production Expanding; Supplier Deliveries Faster; Raw Materials Inventories Contracting; Customers’ Inventories Too Low; Prices Decreasing; Exports and Imports Contracting TEMPE, Ariz. , Oct.

article thumbnail

Manufacturing PMI® at 46.7%; November 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

1, 2023 /PRNewswire/ — Economic activity in the manufacturing sector contracted in November for the 13th consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®. This will most likely happen in December.”

article thumbnail

Industrial robots powered by AI improve manufacturing

Control Engineering

This can have a massive impact on how traditional manufacturing works, said Eugen Solowjow, head of research group, Siemens , in his presentation “Industrial Robotics AI and Its Applications” at Automate 2023 in Detroit. Apparel manufacturing. Robotics have played a key role in this automation evolution. See video example.

article thumbnail

Looking at India’s growing role in global manufacturing and its long-term impact

Control Engineering

According to a Reuters poll of economists , the Indian government is borrowing a record 16 trillion rupees in fiscal 2023/24 and its gross indebtedness has more than doubled in the past four years. From the second half of 2023 onwards, China is expected to see growth rates recover to around 4%, a considerable rate for Chinese manufacturing.

Apparel 52