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Manufacturing PMI® at 49.1%; January 2024 Manufacturing ISM® Report On Business®

Fastener News Desk

The Prices Index climbed into expansion (or ‘increasing’) territory as new pricing levels for 2024 went into effect.” The four manufacturing industries reporting growth in January are: Apparel, Leather & Allied Products; Textile Mills; Transportation Equipment; and Chemical Products. TEMPE, Ariz. , Feb.

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

Fastener News Desk

The Customers’ Inventories Index reading indicated improved supply chain efficiency, as output improved and customers’ inventories continued to decline. China relations, and the impact the UAW (United Auto Workers) strike could have on suppliers of ours who support automotive production.

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

Fastener News Desk

The 2024 forecast looks challenging, specially from a cost perspective.” ” [Chemical Products] “Nearly all microchip supply issues have been resolved, finally bringing an end to the three-year chip shortage. ” [Machinery] “Automotive sales still impacted by UAW strike.

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

Fastener News Desk

We’re continuing to ship to max capacity, with supply constraints still a real part of our day-to-day business operations.” This is likely due to customers’ increased confidence in the supply chain, (which) has them reducing their inventories. Customers are also being pinched with higher interest rates.