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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. Logistics, particularly from East Asia , continue to return to historical-level transit times; Europe and India remain elevated.

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Manufacturing PMI® at 52.8%; July 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

“New order entry has slowed down slightly; however, logistical issues have yet to improve. Five industries reported growth in production during the month of July: Apparel, Leather & Allied Products; Petroleum & Coal Products; Computer & Electronic Products; Transportation Equipment; and Plastics & Rubber Products.