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…

steel, tariffs, contracts

U.S. Manufacturing Contracts as Steel Tariffs Loom Large

 The U.S. manufacturing index contracted for the fourth straight month in November — just as the Trump administration resurrected steel and aluminum tariffs on Argentina and Brazil. Global trade issues, according to the Institute for Supply Management, remain the top cross-industry concern for America’s manufacturers as the year ends.  The ISM’s PMI dropped by 0.2…

manufacturing, index

Manufacturing Index Contracts for Third Straight Month

U.S. factory activity contracted for the third straight month in October as trade issues, the GM strike and global economic uncertainty plagued the market. The Institute for Supply Management’s manufacturing index registered 48.3 last month, up slightly from a 10-year low of 47.8 in September. New orders, employment and inventories all rose from September but…

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…