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1, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in September for the sixth consecutive month and the 22nd time in the last 23 months , say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®. . Comments tied to automotive builds.”
Sentiment improved regarding manufacturing leadtimes, although they remain at elevated levels. ” [Plastics & Rubber Products] “Automotive volume remains strong in preparation for the United Auto Workers’ potential strike at Ford, General Motors and Stellantis. Contingency plans in place for sub-tiers. .”
Manufacturing supplier leadtimes continue to decrease, but at a slow pace. ” [Apparel, Leather & Allied Products] “Overall, things continue to be very steady: Sales and revenue are as expected, and the supply environment has stabilized greatly versus 2021-22. But overall conditions feel stable.”
Manufacturing supplier leadtimes continue to decrease, a positive for future economic activity. The 2024 forecast looks challenging, specially from a cost perspective.” ” [Machinery] “Automotive sales still impacted by UAW strike. ET on Wednesday, January 3, 2024.
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