Purchasing Execs on 2018: ‘Steady as She Grows’

Even as a pro-business tax reform bill awaits its fate, U.S. manufacturers are investing toward growth. Capital expenditures by U.S. factories outpaced expectations in 2017 and will increase further next year. U.S. manufacturers experienced 11 straight months of growth from January through November, driving the nation’s 2017 purchasing index to 57.4 percent from 51.5 last year.…

Purchasing Execs Bullish on 2017

Purchasing and supply management executives expect they’ll be buying more from their suppliers next year as the U.S. economy continues the recovery that began in 2009. More than two-thirds – 67 percent — of manufacturing respondents to the Institute for Supply Management’s (ISM) Semiannual Economic Forecast expect their 2017 revenue will exceed 2016’s. The ISM’s…

Purchasing Survey: SMBs Bullish on 2017

U.S. small-and-midsized manufacturers expect to end 2016 with increased revenue, moderate capex investments and more employees, according to the PrimeAdvantage 2016 annual Purchasing and Manufacturing survey. Overall, data points to strong and sustainable growth for the broader U.S. and North American economies. Strength in mid-market manufacturing is yielding continued R&D investments for the high-tech sector,…

Manufacturing Contracts 4th Month in a Row

Manufacturing in the U.S. contracted for the fourth consecutive month in January, signaling what’s likely to be a slow climb back to growth for the early part of 2016. The nation’s leading manufacturing index, the Institute for Supply Management’s PMI, registered 48.2 percent in January, increasing only 0.2 percent from its level of 48.0 in…