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Manufacturing PMI® at 49.1%; January 2024 Manufacturing ISM® Report On Business®

Fastener News Desk

More importantly, the share of sector GDP registering a composite PMI ® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 27 percent in January, compared to 48 percent in December, and 54 percent in November. There is a real short-term increase in the cost of international freight.”

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Manufacturing PMI® at 48.4%; December 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

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. Managing head counts and total supply chain inventories remain primary goals as the sector closes the year. WHAT RESPONDENTS ARE SAYING.

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

Fastener News Desk

Panelists are now expressing concern about a softening in the economy, as new order rates contracted for the second month amid developing anxiety about excess inventory in the supply chain. Overstock of raw materials due to prior supply chain issues and slowing orders.” WHAT RESPONDENTS ARE SAYING.