Manufacturing Index Hits 3-Year Low

The nation’s manufacturing industry in November contracted for the first time in 36 months, dragged down by declines in production, new orders and raw materials inventory.  The Institute for Supply Management‘s PMI—an index of U.S. purchasing managers – fell to 48.6 percent, a decrease of 1.5 percentage points from the October reading of 50.1 percent.…

U.S. Manufacturing: Mixed Bag in October

The trifecta of a strong dollar, low oil prices and concerns about China continued to dog the U.S. manufacturing market in October. The domestic industry’s leading index, the Institute for Supply Management’s PMI, moved uncomfortably close to 50 — the dividing line between growth and contraction. The PMI in October measured 50.1 percent, down from…

U.S. Manufacturing Slides For Third Straight Month

The nation’s leading production index fell for the third consecutive month in September, reflecting ongoing uncertainty across manufacturing industries about the global economy. The Institute for Supply Management’s PMI declined to 50.2 percent in September, its lowest point since December of 2012. The PMI is hovering just above the point of contraction: a reading above…

Manufacturing Pace Slides on China & Currency Woes

It’s difficult not to be concerned over recent economic indicators and the stock market’s roller coaster ride, but the Institute for Supply Management, which tracks U.S. manufacturing activity, notes that domestic production expanded in August for the 75th consecutive month. Unfortunately, that expansion was at the slowest rate the country has seen since May 2013. The…

July: Manufacturing Adjusts Growth Pace

After setting several high marks for the year to date in June, the domestic manufacturing industry adjusted its growth pace in July. A leading national manufacturing index, the Institute for Supply Management’s PMI, declined slightly from June to 52.7 percent. “The PMI was down 0.8 [percentage points] but still growing for the 31st consecutive month,”…

Manufacturing Ends 1H 2015 Better Than it Started

The U.S. manufacturing industry closed the first half of the year in better shape than it started, but it’s still facing a few headwinds. After a number of fits and starts over the past few months the Institute for Supply Management’s June PMI—a leading manufacturing business indicator—is hovering around the 53 percent mark and ticked up…

Reshoring: A Reality Check

For those who are not fans of TV’s Saturday Night Live, Debbie Downer is a character that finds the dark cloud in every silver lining. A.T. Kearney may just be the Debbie Downer of the U.S. manufacturing industry. An A.T. Kearney report released late last year concluded that the trend toward reshoring manufacturing in the…