Buyers Upbeat on Business Outlook for 2014

Although the pace of growth in the U.S. manufacturing sector cooled down a bit in September, the industry topped off its third consecutive quarter of expansion that month. One of the nation’s leading indexes, the Institute for Supply Management’s PMI, decreased in September by 2.4 percentage points to 56.6 percent. Nevertheless, said Bradley J. Holcomb,…

ISM: Manufacturing Grew in July

Economic activity in the manufacturing sector expanded in July for the 14th consecutive month, and the overall economy grew for the 62nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management®(ISM®)Manufacturing…

ISM Issues Corrected Report

Institute of Supply Management’s  (ISM)  has discovered an error in its software programming for calculating the May 2014 Manufacturing PMI that was released at 10 a.m. ET this morning. “We apologize for this error. We have recalculated and confirmed that the actual index indicates that the economy is accelerating,” said Bradley J. Holcomb, CPSM, CPSD, chair…

Opportunity for Young Supply Chain Pros

  The inaugural ThomasNet – ISM recognition program will showcase 30 under 30 year-old supply chain management and purchasing professionals for their accomplishments.  For example, contributions to their companies, professional associations, and the industry at large will all be considered.   Each of these young luminaries will receive complimentary membership in ISM for one year.…

US Manufacturing: 9.1% Growth Expected For 2014

A majority of U.S. manufacturing executives expect their sales will grow a little more than 9 percent for the rest of 2014, according to the Institute of Supply Management’s  semi-annual survey of purchasing and supply managers.  Of the 18 industries predicting growth, computer and electronics products fall a disappointing 12th on the list. Textile manufacturers…