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…

Price Hikes Drive Improved Semiconductor Forecasts

Electronic component suppliers have been complaining for years about eroding prices. With many types components currently in short supply, prices have finally begun to tick up. But are any of these price hikes sustainable? Typically, the answer is “no.” A continual stream of better-smaller-faster components exerts downward price pressure on older-generation products. However, one research…

ISM Hosts Procurement Event on October 13

Attention procurement and supply chain professionals: in today’s business environment, you have the opportunity to influence the most business-critical issues our organizations face today, and senior management is listening! In fact, according to CAPS research, 82 percent of Fortune 500 CPOs surveyed have direct access to their CEOs, up from 60 percent in 1999. But,…

U.S. Manufacturing: March Madness

Following six consecutive months of contraction, the U.S. manufacturing industry increased in March by a healthy 2.3 percentage points on the nation’s leading index. The Institute for Supply Management’s (ISM) PMI reached 51.8 percent from the February reading of 49.5. Any number above 50 indicates growth. The PMI is riding high on an increase in…