Manufacturing PMI® at 48.4%; December 2022 Manufacturing ISM® Report On Business®
Fastener News Desk
JANUARY 8, 2023
With Business Survey Committee panelists reporting softening new order rates over the previous seven months, the December composite index reading reflects companies’ slowing their output. Average lead time remained 32 percent above previous trough for capital expenditures and 37 percent for purchased materials; both are too high.
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