article thumbnail

US Manufacturing PMI inched up to 47.7% in February

AU Manufacturing

Fiore, chair of the ISM Manufacturing Business Survey Committee, said, “new order rates remain sluggish due to buyer and supplier disagreements regarding price levels and delivery lead times; the index increase suggests progress in February.” The post US Manufacturing PMI inched up to 47.7%

Apparel 74
article thumbnail

Manufacturing PMI® at 46.3%; March 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Supply chains are now ready for growth, as panelists’ comments support reduced lead times for their more important purchases. Lead times have stabilized in most areas, so looking at reducing commitments on new orders, except for a few strategic electronic buys with lead times that are still too long.”

Insiders

Sign Up for our Newsletter

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

article thumbnail

AI in Manufacturing: Transforming Efficiency, Sustainability, and Tomorrow

MEM

By doing so, it minimizes lead times, reduces inventory costs, and ensures that parts arrive just when they’re needed on the assembly line. By fine-tuning machinery settings, AI reduces energy waste, leading to significant cost savings and a smaller environmental footprint. The result?

article thumbnail

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

Fastener News Desk

“New order rates remain depressed due to buyer and supplier disagreements regarding price levels and delivery lead times; these should be resolved by the second quarter. WHAT RESPONDENTS ARE SAYING “Business is still strong, but we have begun to see softening in some pricing, and lead times seem to be improving.”

article thumbnail

Manufacturing PMI® at 47.1%; April 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Supply chains are prepared and eager for growth, as panelists’ comments support reduced lead times for their more important purchases. Lead times are generally coming down, although electronic components are still a concern.” ” [Machinery] “Faster deliveries and shorter lead times from suppliers.

article thumbnail

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

Fastener News Desk

The eight manufacturing industries reporting growth in February — in order — are: Apparel, Leather & Allied Products; Nonmetallic Mineral Products; Primary Metals; Plastics & Rubber Products; Fabricated Metal Products; Chemical Products; Miscellaneous Manufacturing; and Transportation Equipment.

article thumbnail

Manufacturing PMI® at 49%; September 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Manufacturing supplier lead times continue to decrease, but at a slow pace. ” [Apparel, Leather & Allied Products] “Overall, things continue to be very steady: Sales and revenue are as expected, and the supply environment has stabilized greatly versus 2021-22.