ISM, purchasing, manufacturing, forecast

Purchasers Forecast Revenue & Production Capacity Growth in 2019

Purchasing managers and supply chain executives in manufacturing industries in the U.S. expect the economy to continue to grow throughout 2019, according to the latest economic report from the Institute for Supply Management (ISM). At the same time, many in the manufacturing sector said tariffs are negatively impacting business and the supply chain. Nearly 60…

cool down, manufacturing, PMI

U.S. Factory Activity Cooled in February

U.S. manufacturers may be facing a bumpy ride in Q1 as the nation’s factory activity cooled in February. New orders, production and employment all declined from January levels, according to the Institute for Supply Management (ISM), and the PMI dropped 2.4 percentage points to 54.2 percent. As long as the PMI remains above 50, the manufacturing industry continues to expand. “We are still in the…

Reshoring, FDI Trends Add U.S. Manufacturing Jobs

U.S. manufacturing continued to grow in December, but much more slowly than in previous months, according to the Institute for Supply Management. Headwinds included a strong U.S. dollar; trade disputes; dysfunction in Washington, DC, and higher interest rates. Tailwinds included the strength in reshored manufacturing jobs for the last several years. For example, manufacturing jobs via…

U.S. Factory Activity Plunges to a 4-Year Low; Electronics Industry Stalls

U.S. factory activity in December plunged to a four-year low as new orders, production and employment declined sharply from November 2018 levels. Even the electronics industry, which struggled to meet component demand for the entirety of last year, abruptly hit the brakes. “Growth appears to have stopped,” a computer and electronics executive told the Institute for…

ISM, purchasing, manufacturing, forecast

Purchasing Execs Predict Revenue, Capex & Employment Growth in 2019

U.S. purchasing and supply executives are entering 2019 with a bit less enthusiasm than 2018, although optimism remains strong for the next calendar year. Sixty-four percent of U.S. manufacturers polled by the Institute for Supply Management expect their revenue will grow by 5.7 percent in 2019, compared with the 5.1 percent increase predicted for 2018.…