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…

components, chip industry, trade war, tariffs, U.S., China

Tariffs Eased on Some Electronics Products

The electronics industry is enjoying a short-term reprieve from new U.S. tariffs as the Trump administration delayed the imposition of 15 percent duties on $156 billion worth of Chinese goods, including smart phones, computers and other consumer electronics. While the move may boost holiday-related consumer sales, the 25 percent tariffs on a separate $250 billion…

manufacturing, growth, revenue, profit

Manufacturers Expect Revenue & Profit Boost in 2020

U.S. manufacturers are surprisingly upbeat about their prospects in 2020, anticipating growth in revenue, profitability, imports and exports. The outlook isn’t so positive for employment and capital expenditures, which will remain flat or decline next year, according to the Institute for Supply Management’s semiannual forecast. Manufacturers expect revenue will grow 4.8 percent next year –…

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…

DRAM Demand Returns; Q3 Global Sales Up 4%

Demand-side inventory for DRAM in 2H19 has returned to relatively healthy levels, according to the DRAMeXchange research division of TrendForce. Furthermore, some vendors pulled their quarterly product shipment forward to avoid potential negative impacts from Trump’s impending tariffs; this shift skyrocketed DRAM suppliers’ sales bits in 3Q19, driving total DRAM revenue up by 4 percent…

Procurement Faces More Challenges Than Ever: Exclusive Report

Global procurement professionals are facing more challenges than ever — tariffs, trade wars, environmental regulations and patent/IP protection. Fortunately, they are up to the task. Worldwide, electronics purchasing managers have an average of 16 years on the job, according to EPSNews’/Aspencore’s first global procurement study. They work more than 40 hours a week; spend a…

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…