The manufacturing sector grew faster in March than expected on the heels of strong production activity and new orders, according to the Institute for Supply Management survey released on Monday. The March data, though, should not so much be seen as a sign of strength to come but rather as a catchup ... READ MORE >
manufacturing
RSM US Manufacturing Outlook Index: The Boeing effect takes a toll
The RSM US Manufacturing Outlook Index declined in March to 1.8 standard deviations below the levels of activity that would normally be expected, reflecting sluggish activity across the production sector in general and the problems at Boeing in particular. Only the Philadelphia region offered signs ... READ MORE >
RSM US Manufacturing Outlook Index: Soft sentiment in an uneven recovery
The slowdown in manufacturing continued into February, but at a slower pace, according to surveys conducted by regional Federal Reserve banks. In fact, two of the five regions used in our analysis of regional manufacturing (Philadelphia and Dallas) reported overall positive responses. Three regions ... READ MORE >
RSM US Manufacturing Outlook Index: Pullback tempered by rise in capex
The pullback in manufacturing continued into January, with the RSM US Manufacturing Outlook Index slipping further to nearly 2.8 standard deviations below conditions that would normally be expected. But the pullback was tempered by an increase in capital expenditures, a reflection of the resilience in ... READ MORE >
Manufacturing sector in U.S. contracts in November
The manufacturing sector contracted for the second month in a row in November as lower overall demand and persistent labor shortages took their toll, the Institute for Supply Management reported on Friday. The overall index stayed unchanged at 46.7%, implying a decline. Any figure below 48.7% indicates ... READ MORE >
RSM US Manufacturing Outlook Index: Slowdown even as jobs recover
Manufacturing continued to pull back in November, with the RSM US Manufacturing Outlook Index remaining at 1.3 standard deviations below the level that would be considered normal. Although we think that the manufacturing sector has bottomed, any signs of an improvement have abated. A turn toward ... READ MORE >
Industrial production posts biggest drop this year amid strikes
Industrial production dropped by more than expected in October as the United Auto Workers strike was felt in the economy. Production of motor vehicle parts fell by 10%, marking the biggest drop since the beginning of the pandemic. The industrial production index declined by 0.6% on the month, according ... READ MORE >
Workforce, trade, capital: Conference highlights top manufacturing sector issues in Canada
Workforce dynamics, productivity, advanced technology investments and trade policies are some of the critical issues defining the future of Canada’s manufacturing sector, as highlighted at the Canadian Manufacturers & Exporters 2023 National Manufacturing Conference in early November. The ... READ MORE >
Canada’s October jobs report: Cooling manufacturing labor market
Canada’s jobs report for October shows a continued slowdown in the manufacturing sector consistent with S&P Global’s purchasing managers' index, indicating that the manufacturing sector has been in a contraction territory since April this year. Canada’s manufacturing sector lost 19,000 jobs in ... READ MORE >
RSM US Manufacturing Outlook Index: Financing costs and UAW strike take toll
Rising yields and the strike by the United Auto Workers contributed to a pullback in manufacturing in the United States into October, with the RSM US Manufacturing Outlook Index slipping to 1.3 standard deviations below normal. Although it appears the end of the UAW strike is at hand pending votes ... READ MORE >