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 […]
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, […]
Read MoreThe 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 […]
Read MoreThe 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 […]
Read MoreDespite 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. […]
Read MoreISM® has reported December Manufacturing PMI® of 58.7 percent for US manufacturers, a decrease of 2.4 percentage points from the November reading of 61.1 percent. This figure indicates expansion in the overall economy for the 19th month in a row after a contraction in April 2020.
Read MoreWith 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 […]
Read MoreOverall US Economy Has 15th Consecutive Month of Growth ISM® is reporting a manufacturing PMI® of 59.9 percent for US manufacturers for the month of August — an increase of 0.4 percentage points from the July reading of 59.5 percent. Despite the improvement, ISM panelists from the report say their companies and suppliers continue to struggle […]
Read MoreGlobal manufacturers saw varying results in the month of July as many countries face new headwinds with COVID-19 outbreaks hitting specific regions. Additionally, lead times are still extended with supply chain issues continuing. Firms are also facing labor challenges that pre-date the pandemic but have escalated during the past 18 months. Both issues lead to […]
Read MoreOverall US Economy Has 14th Consecutive Month of Growth US manufacturers registered a 59.5 percent PMI® according to the July Manufacturing ISM® Report On Business®. That was down 1.1 percentage points from the June reading of 60.6 percent and the lowest reading since January. In the report, Timothy R. Fiore, Chair of the ISM® Manufacturing Business […]
Read More