By Phillip M. Perry High-interest rates and slower economic growth will put increasing pressure on business profits in 2024. The good news is that economists expect the Federal Reserve to lower inflation to desired levels by the end of the year. Robust housing activity, high employment and optimistic consumers will help the nation sidestep a […]
Read MoreEuropean manufacturing remains weak but India and China continue growth The ISM® US Manufacturing PMI® registered 49 percent in September, 1.4 percentage points higher than the 47.6 percent recorded in August. According to the report issued by Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee, the overall economy expanded weakly after nine […]
Read MoreGlobal manufacturing also remains weak with the exception of strong performance for India The ISM® US Manufacturing PMI® was reported at 46.9 percent for May, down slightly from the 47.1 percent reading in April. The figure represented a seventh consecutive month in contraction territory for US manufacturers and continued and overall downward trend that dates […]
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Outside the US, China and Italy Both Registered Solid PMI Increases for February The February ISM® Report On Business® issued a PMI reading of 47.7 percent for US manufacturers to end a five-month downward streak. The number was up three-tenths over the January figure of 47.4 percent.
Read MoreIndia and Italy both register above 50 percent for PMI readings to start the year While many countries seemed to find a bottom for manufacturing activity, the U.S. continued to slide deeper into contraction territory based on the latest PMI reading from the ISM® Report On Business® for manufacturing. The report tagged U.S. manufacturing with […]
Read MoreThe December ISM® Report On Business® gave a PMI reading of 48.4 percent for US manufacturers which continued an overall downward trend that dates back to November 2021. It was also the second straight month in contraction territory for US manufacturing.
Read MoreGathering Clouds and Growing Turbulence By Phillip M. Perry The economy will slow perceptively in 2023. Less robust activity in sectors such as housing, retailing and manufacturing will put downward pressure on growth and contribute to a deceleration in profits. Companies can prepare for a tougher environment by tracking cash flow closely, investing selectively and […]
Read MoreIndian Manufacturing PMI edges up to remain in growth territory for 17th straight month The November Institute for Supply Management® Report On Business® reported a PMI reading of 49 percent for U.S. manufacturers which represented a move into contraction territory for the first time since May 2020. The new figure supported an overall downward trend […]
Read MoreManufacturing 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 […]
Read MoreIndia, 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, […]
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