US Manufacturing Stays Flat For August

Manufacturing in India remains Strong at 56.2 percent

The Institute for Supply Management® (ISM®) reported an August Manufacturing PMI® of 52.8 percent for U.S. manufacturers. The new figure matches the same reading as recorded in July and indicates expansion in the overall economy for the 27th month in a row after a contraction in April and May 2020. For a second straight month, the Manufacturing PMI® figure is the lowest since June 2020, when it registered 52.4 percent. The New Orders Index registered 51.3 percent, 3.3 percentage points higher than the 48 percent recorded in July. The Production Index reading of 50.4 percent is a 3.1-percentage point decrease compared to July’s figure of 53.5 percent. The Prices Index registered 52.5 percent, down 7.5 percentage points compared to the July figure of 60 percent; this is the index’s lowest reading since June 2020 (51.3 percent). The Backlog of Orders Index registered 53 percent, 1.7 percentage points above the July reading of 51.3 percent.

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US Manufacturing PMI Stays in Growth Territory for July

India, China and the UK also register above 50 percent for manufacturing PMI

The July ISM® Report On Business® gave a PMI reading of 52.8 percent for US manufacturers which was down from the June figure of 53.0 percent. This continued an overall downward trend for US manufacturing that dates back to October 2021. However, the reading meant the US sector stayed above the 50 percent line for the 26th straight month.

“Manufacturing performed well for the 26th straight month. There are signs of new order rates softening — cited in 16 percent of general comments, compared to 17 percent in June — as panelists are increasingly concerned about excessive inventories and continuing record-high lead times. Employment activity remained strongly positive in spite of the uncertainty with new order rates,” says Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee.

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Inflation Busters: Protecting Profits As Costs Rise

istockphoto/gesrey

By Phillip M. Perry

Inflation is rising faster than any time in recent memory. Businesses must deal with rapid cost increases by managing cash flow efficiently and communicating effectively with customers and suppliers. The benefits of inventory reduction must be balanced against the need to maintain critical stock for top customers. Inflation has taken root. Businesses everywhere are dealing with annualized cost increases of nearly 7 percent — the fastest pace in 40 years and significantly higher than the 1.8 percent average of the past decade. The resulting upticks in operating costs can cause serious damage to the bottom line.

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US Manufacturing Pushes Up In May

The May PMI for US Manufacturers was reported at 56.1 percent in the latest ISM® Report On Business®. The figure was up from the April reading of 55.4 percent and ended a three-month downward trend. The figure also indicates a 24th straight month of expansion for the overall US economy after the contraction in 2020 sparked by the pandemic.

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US Manufacturing Still Strong Despite Challenges

The March PMI for US Manufacturers was reported at 57.1 percent in ISM’s® March Report On Business®. The figure was down 1.5 percentage points from the February reading of 58.6 percent and the lowest reading for the index since September of 2020. However, the figure still indicates a 22nd straight month of expansion for the overall US economy.

“The US manufacturing sector remains in a demand-driven, supply chain-constrained environment,” says Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee.  “In March, progress was made to solve the labor shortage problems at all tiers of the supply chain, which will result in improved factory throughput and supplier deliveries. Panelists reported lower rates of quits and early retirements compared to previous months, as well as improving internal and supplier labor positions.”

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US Factory Activity Dips in January

Despite a 20-month streak of growth for the overall economy, ISM’s® January Report On Business® showed a 1.2 percent drop to a PMI of 57.6 percent for US manufacturers. While still in positive territory, the figure was the second straight month to register a decline and it also represented the lowest mark since November 2020.

“Manufacturing performed well for the 20th straight month, with demand and consumption registering month-over-month growth,” says Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee. “Meeting demand remains a challenge, due to hiring difficulties and labor turnover at all tiers. For the third month in a row, Business Survey Committee panelists’ comments suggest month-over-month improvement on hiring, offset by backfilling required to address employee turnover at a higher rate, supplier performance and improvements in the transportation sector.”

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FEIBP’S 2021 Q4 SURVEY REPORT

The FEIBP released their European Brush Industry Survey Report for the fourth quarter of 2021. The latest report is based on input from 37 completed surveys out of total of 292 invitations.

Industry firms surveyed were asked about performance in both domestic and export markets and technical brushes led the way at home with more than 52 percent reporting five percent or more growth in the segment versus the same quarter in 2020. On the export side, the hygiene brush segment was the strongest as 42 percent reported growth above five percent in the quarter. The weakest product category in both the domestic and export markets was the art brush sector reported at just over 11 percent for growth (domestic and export).

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Global PMI Readings Show Decline in August

With many regions experiencing supply chain issues and labor shortages, most of the global manufacturing countries tracked by Brushware saw a decline in PMI readings for August compared to July. Italy was the only country that showed an improved PMI reading. Despite the challenges, business optimism remained strong across most of the regions and countries tracked.

GERMANY: IHS Markit/BME reported a 62.6 percent August PMI for German manufacturers for a 3.3 percent drop from the previous month. Supply shortages caused output to significantly fall behind new orders. Increasing price pressure reduced business optimism, but employment rose for a sixth straight month as manufacturers looked to expand capacity. 

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