article thumbnail

Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

The August composite index reading reflects companies managing outputs appropriately as order softness continues, but the month-over-month increase is a sign of improvement. Logistics stabilized and costs are matching 2019. The Imports Index remained in contraction territory, registering 48 percent, 1.6 percent reported in July.”

article thumbnail

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. ” [Food, Beverage & Tobacco Products] “Business is returning to pre-pandemic levels. .” Fiore continues, “The U.S.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Fastener News Desk

The seven industries reporting contraction in July compared to June, in the following order are: Wood Products; Furniture & Related Products; Paper Products; Miscellaneous Manufacturing; Fabricated Metal Products; Food, Beverage & Tobacco Products; and Chemical Products. ” [Food, Beverage & Tobacco Products].

article thumbnail

2023 and Packaging: What Have We Seen So Far

MEM

Germany’s major packaging act, VerpackG, has mandated that retailers, restaurants, and distributors of “to-go” food delivery offering plastic food packaging and beverage cups inform consumers of reusable options for takeaway meals and drinks that can replace single-use packaging. Spain’s much-awaited Plastic Tax is now in force, and 0.45