U.S.-based supply executives are receiving the Tax Cuts and Jobs Act (TCJA) of 2017 favorably. The tax reform, signed into law by President Donald Trump in December, will have a positive impact on U.S. manufacturers’ organizational, strategic and tactical considerations, managers said. The Institute for Supply Management conducted a special survey to gauge members’ familiarity…
The pace of U.S. manufacturing growth cooled off a bit in January although overall, domestic production remains solidly in expansion mode. The Institute for Supply Management’s leading indicator, the PMI, reached 59.1 percent in January – one of the highest numbers since December of 2004. Although the PMI slipped 0.2 percentage points from December, any number…
The pace of U.S. factory activity surged in December, propelling the manufacturing industry to its best year since 2004. The Institute for Supply Management’s leading index, the PMI, grew by 1.5 percent to reach 59.7 percent in December. That brought 2017 to an average PMI of 57.6 percent. “This is the second highest number in…
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.…
U.S. factories hit overdrive in June as domestic manufacturing indexes showed significant growth from the prior month. The Institute for Supply Management’s leading index, the PMI, increased by 2.9 percent in June to reach 57.8 percent – its fastest pace in nearly three years. All PMI supporting indexes followed suit: The new orders index registered…
The U.S. manufacturing sector is expected to expand for the remainder of 2017 while the pace of offshoring appears to be abating. Sixty-four percent of the U.S. purchasing and supply chain executives polled for the Institute for Supply Management’s Semiannual Economic Forecast predict their revenue will grow by 8.5 percent over 2016, while 12 percent expect…
The pace of manufacturing growth in the U.S. cooled somewhat in April, even though the segment continues to expand. New orders and factory employment decelerated from March levels while the nation’s leading production index, the Institute for Supply Management’s PMI, declined by 2.4 percent to 54.8. Any number above 50 indicates growth, and most of the…
Faith in the U.S. economy among midsized U.S. industrial manufacturers has “absolutely skyrocketed” compared with last year, as 74 percent of financial executives polled by the buying group Prime Advantage are more optimistic than they were at this time a year ago. This 48-point catapult over 2016 is by far the largest increase for this…
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…
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,…