Manufacturing PMI® at 48.4%; December 2022 Manufacturing ISM® Report On Business®
Fastener News Desk
JANUARY 8, 2023
Average lead time remained 32 percent above previous trough for capital expenditures and 37 percent for purchased materials; both are too high. “Lead times are returning to normal for most of our suppliers, while some of our smaller suppliers are struggling to remain staffed up enough to keep up with orders.”
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