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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.

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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. Supply chains are prepared and eager for growth, as panelists’ comments support reduced lead times for their more important purchases.

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Manufacturing PMI® at 46.9%; May 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

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. Manufacturing lead times clearly improved in the month. .” Fiore continues, “The U.S.

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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.

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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. Manufacturing supplier lead times continue to decrease, but at a slow pace. percentage point upward impact on the Manufacturing PMI ® calculation.

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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.

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

Fastener News Desk

Suppliers continue to have capacity but are showing signs of struggling, due in part to their raw material supply chains. Working through customer backlog with some raw material lead times improving.” Forty percent of manufacturing gross domestic product (GDP) contracted in February, down from 62 percent in January.