Supply Chain Outlook Rallies but Concerns Linger

In spite of Covid-19 case numbers rising in the U.S., optimism in the electronics and manufacturing industries is improving.  ECIA’s latest supply chain survey on the impact of the virus points to lessening concern over component supply. Additionally, the U.S. manufacturing  index has increased for 3 consecutive months. Developments over the past month on Main…

Factory Index Rebounds After 5-Month Contraction

U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders. The Institute for Supply Management’s PMI reached 50.9 percent, an increase of 3.1 percentage points from the seasonally adjusted December reading of 47.8 percent. The improvement in the PMI likely reflects ebbing trade tensions between the…