Factory, slows

Electronics Industry Contracts; U.S. Factory Gauge Hits 10-Year Low

U.S. factory activity in September contracted for the second consecutive month to reach its lowest level since June 2009—the end of the last recession. The Institute for Supply Management’s leading manufacturing index, the PMI, registered 47.8 in September, a 1.3 percent drop from August. The demarcation line between expansion and contraction is 50. Business confidence…

contraction, manufacturing, factories

U.S. Manufacturing Contracts for First Time in 3 Years

The nation’s leading factory index in August contracted for the first time in three years as new orders, production and employment all fell below 50 — the threshold between growth and contraction. The Institute for Supply Management’s PMI dropped to 49.1 percent last month, its lowest reading since 2016. Business confidence has also declined as…

trade, tariff, mitigation, strategies

7 Strategies for Mitigating the Impact of Tariffs, Part 2

Editor’s note: This is the second of two articles focusing on strategies that mitigate the impact of tariffs on imported goods. Tax and business advisory firm KPMG identified seven successful tactics in its webinar TradeWatch: Section 301 Tariffs; What we’ve Learned in Year One. This article covers recommendations four through seven. The U.S.-China trade war…

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…

Tariffs Advance U.S. Tech Goals in China, Experts Say

Editor’s Note: This is the first of two articles examining the impact of tariffs — positive and negative–on the electronics industry. It feels like the U.S.-China tariff-and-trade war has been waging so long we’ve forgotten how it started, but its goals remain the same. The Trump administration is pressuring China to change its behavior toward…