2024 Apparel Composites Sourcing 
Fastener News Desk
FEBRUARY 5, 2024
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.
Fastener News Desk
AUGUST 1, 2024
The July composite index reading reflects companies continuing to manage outputs down as order softness continues. The Imports Index remained in contraction territory, registering 49.6 percent, 0.3 percentage point higher than the 49.3 percent reported in June.” ” Fiore continues, “The U.S.
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Fastener News Desk
JUNE 7, 2023
The May 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. .” Fiore continues, “The U.S. Seventy-six percent of manufacturing gross domestic product (GDP) is contracting, up from 73 percent in April.
Fastener News Desk
DECEMBER 4, 2023
More importantly, the share of sector GDP registering a composite PMI ® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 54 percent in November, compared to 35 percent in October and 6 percent in September. The 2024 forecast looks challenging, specially from a cost perspective.”
Fastener News Desk
OCTOBER 4, 2023
More importantly, the share of sector GDP registering a composite PMI ® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 6 percent in September, compared to 15 percent in August and 25 percent in July, a clear positive,” says Fiore. However, many forecasts are set for the beginning of 2024.
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