cool down, manufacturing, PMI

U.S. Factory Activity Cooled in February

U.S. manufacturers may be facing a bumpy ride in Q1 as the nation’s factory activity cooled in February. New orders, production and employment all declined from January levels, according to the Institute for Supply Management (ISM), and the PMI dropped 2.4 percentage points to 54.2 percent. As long as the PMI remains above 50, the manufacturing industry continues to expand. “We are still in the…

U.S. Factory Activity Plunges to a 4-Year Low; Electronics Industry Stalls

U.S. factory activity in December plunged to a four-year low as new orders, production and employment declined sharply from November 2018 levels. Even the electronics industry, which struggled to meet component demand for the entirety of last year, abruptly hit the brakes. “Growth appears to have stopped,” a computer and electronics executive told the Institute for…

Pasternack Inks Private-Label Agreement with PMI

Pasternack, a leading provider of RF, microwave and millimeter wave products, has signed an agreement with Planar Monolithics Industries, Inc. (PMI) to private-label a selection of PMI manufactured products under the Pasternack brand name. These new products will be available off-the-shelf for immediate shipping. Through this private-label agreement, Pasternack will expand the visibility of its already extensive portfolio of…

ISM: Manufacturing Growth Slows in April

(Tempe, Arizona) — Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 108th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing…

How Businesses Can Control Costs in an Uncertain Trade Environment

U.S. trade policies are making headlines as the Trump Administration re-examines international trade agreements and implements tariffs on imported steel and aluminum. Cost increases in raw materials, trade compliance or the transportation of goods disproportionally impact small and midsized businesses, according to research by Freightos, an online freight marketplace. Among companies that import infrequently –…