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. .” Fiore continues, “The U.S.

article thumbnail

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

Fastener News Desk

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 27 percent in January, compared to 48 percent in December, and 54 percent in November. ” [Food, Beverage & Tobacco Products] “U.S.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Manufacturing PMI® at 47.7%; February 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

With Business Survey Committee panelists reporting softening new order rates over the previous nine months, the February 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 second half of the year. .” Fiore continues, “The U.S.

article thumbnail

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

Fastener News Desk

The August composite index reading reflects companies managing outputs appropriately as order softness continues, but the month-over-month increase is a sign of improvement. ” [Computer & Electronic Products] “Demand still weak. The Imports Index remained in contraction territory, registering 48 percent, 1.6

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. Lead times are generally coming down, although electronic components are still a concern.” .” Fiore continues, “The U.S.

article thumbnail

Manufacturing PMI® at 47.8%; February 2024 Manufacturing ISM® Report On Business®

Fastener News Desk

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 1 percent in February, compared to 27 percent in January and 48 percent in December. WHAT RESPONDENTS ARE SAYING “Currently seeing increasing sales in our business.

article thumbnail

Manufacturing PMI® at 47.4%; January 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

With Business Survey Committee panelists reporting softening new order rates over the previous nine months, the January composite index reading reflects companies slowing outputs to better match demand in the first half of 2023 and prepare for growth in the second half of the year. .” Fiore continues, “The U.S.