Manufacturing Expands in August — But What About Harvey?

The U.S. manufacturing industry accelerated its growth rate in August as the nation’s leading indicator, the Institute for Supply Management’s PMI, increased by 2.5 percent from July’s level to reach 58.8 percent. New orders, production, employment, backlog and exports also increased in August, setting the stage for continued growth in September. “August is usually a…

Electronics Companies Continue to Lead in Conflict Mineral Compliance

Electronics businesses that believe the so-called “conflict minerals” provision of the U.S. Dodd-Frank Act no longer applies to them should think again. Although SEC Acting Chairman Michael Piwowar recommended in April that the Securities & Exchange Commission not enforce the provision — which requires companies to disclose the origin of tungsten, tin, tantalum and gold…

Study: Pace of Reshoring Decelerates

The trend known as reshoring remains controversial, depending on how success is measured. Many companies have been persuaded by incentives to not move offshore, and several large electronics manufacturers, including Apple Inc., have opened factories within the U.S. But when compared with the number of companies moving to other regions, reshoring comes up short. In 2015,…

U.S. Manufacturing Slides For Third Straight Month

The nation’s leading production index fell for the third consecutive month in September, reflecting ongoing uncertainty across manufacturing industries about the global economy. The Institute for Supply Management’s PMI declined to 50.2 percent in September, its lowest point since December of 2012. The PMI is hovering just above the point of contraction: a reading above…