Trump Questions $900B US Stimulus Package

When the US Congress passed an emergency stimulus package of $900 billion for COVID-19 related relief to US citizens and businesses on Monday, it was widely accepted that US President Donald Trump would sign the bill into law. However, last night Trump put that into question with comments in a video posted to Twitter saying, “The bill they are now planning to send back to my desk is much different than anticipated. I’m also asking Congress to immediately get rid of the wasteful and unnecessary items from this legislation, and to send me a suitable bill.”

Although the President’s comments make the prospects for the bill unclear, here are some of the highlights from the ABMA’s summary of the legislation:

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Brushware News December 23, 2020

Global Manufacturing Cools Off in November

After surging to two-year highs in October, the US and Eurozone manufacturing numbers for November dipped slightly with Germany and Italy also following the pattern. China was the exception as the Caixin PMI registered 54.9 to hit a new series high. 

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Brushware News December 10, 2020

US Manufacturing Surge for October

Economic activity in the manufacturing sector grew in October, with the overall US economy notching a sixth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®

ISM reported a US manufacturing PMI of 59.3 percent, up 3.9 percentage points from the September reading of 55.4 percent and the highest since September 2018 (59.3 percent). The figure indicates expansion in the overall economy for the sixth month in a row after a contraction in April, which ended a period of 131 consecutive months of growth.

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Brushware News November 17, 2020

US Unemployment Claims Jump to 898,000

According to this morning’s US Department of Labor report, states saw an additional 898,000 Americans file first-time unemployment insurance claims last week. That represents an increase of 53,000 from the previous week. The increase broke a four-week trend of decreases for the number of new claims.

The largest increases in initial claims for the week ending October 3 were in Florida (+9,933), Illinois (+6,877), Massachusetts (+4,021), North Carolina (+2,907), and Maryland (+1,714), while the largest decreases were in New Jersey (-3,504), Kansas (-3,312), Pennsylvania (-3,111), Louisiana (-2,835), and Washington (-2,474). 

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Brushware News October 15, 2020

Germany Leads PMI Charge For September

While Euro Area manufacturing had a strong performance in September with a PMI reading 53.7 percent, German manufacturers led the charge with a 4.2 percent increase over August to hit a IHS Markit/BME reported figure of 56.4 percent. That represented the best expansion in the sector since July 2018 while the new order growth figure was among the strongest reported months since 1996. Improved demand across Europe, China and Turkey also saw new export orders reach the highest level for Germany since December 2017.

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Brushware News October 6, 2020

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Brushware Magazine is a bimonthly trade publication for the manufacturers and suppliers of brushes, mops, rollers, brooms, products that apply material, and clean or polish surfaces. Brushware offers news, product information, development and sales, and personality profiles, emphasizing application techniques, new applicator materials, and methods of application. Government import and export statistics are published quarterly and analyzed for relevancy.
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