The Institute for Supply Management’s manufacturing index — a key gauge of U.S. factory activity — dropped to 50.1 in February, from 50.9 a month earlier, and below the consensus of 50.5. … READ MORE >
manufacturing
Key manufacturing index shows expansion in January, but may not be sustainable
The Institute for Supply Management on Monday said its purchasing managers’ index (PMI) increased to 50.9 in January against an expectation of 48.5, rising above 50 for the first time since July 2019, and from a four-year low of 47.8 in December. … READ MORE >
Continued warnings or signs of bottoming out for industrial production and manufacturing
The Conference Board’s Leading Economic Indicator moved slightly lower in December, continuing a downward trend that began in the last months of 2018. Movement of the leading indicator has traditionally coincided with trends with industrial-sector activity. In this current cycle, the leading indicator has been propped up by a robust … … READ MORE >
Equipment as a service – a potential capex solution during a slowdown?
In today’s world of subscription models – streaming videos and music services, household essentials, food preparation – why not apply that concept to industrial machinery? Especially during a manufacturing slowdown when uncertainty is stalling capital investment, the concept – known as equipment as a service — could be a solution for new projects or could support ongoing or experimental projects. … READ MORE >
Looking to 2020: Consumer is king amid slowing growth
The American economy will continue to slow toward a growth rate of 1.5% in 2020, below its long-term average of 1.8%, as sturdy consumer spending compensates for financial volatility and erratic trade policy. That consumption, though, increasingly depends on rising asset prices that help boost confidence, and solid job growth. … READ MORE >
U.S. industrial production falls a sharp 0.8% in October
While auto production will undoubtedly rebound in November, the problems at Boeing surrounding the 737 Max and the uncertainty tax imposed on firms caused by the trade conflict with China have knocked the air out of domestic industrial production. … READ MORE >
ISM Manufacturing Index continues to contract
The October ISM Manufacturing Index continued to contract in October, though it improved to 48.3 from September’s reading of 47.9, implying a modestly slower pace of contraction in domestic manufacturing sentiment. … READ MORE >
US manufacturing activity hits 10-year low point
Contraction in U.S. manufacturing is continuing, with activity reaching a ten-year low in September, as economic and political uncertainty weigh on the industrial sector. … READ MORE >
US August employment preview: focus on goods producing and manufacturing jobs
Investor attention will be squarely focused on the pace of hiring in goods production and manufacturing in the August U.S. employment report released on Friday. The results will follow a decline in the August ISM manufacturing employment sub-index to 47.4, which implies contraction in hiring across those sectors. … READ MORE >
Latest ISM purchasing managers index signals potential recessionary territory for manufacturing sector
A key gauge of U.S. factory activity contracted in August for the first time in three years, as new orders continued to stall. Performance of the ISM purchasing managers index highlights the repercussions of trade uncertainty and slower growth outside of the U.S., with signs pointing to U.S. manufacturing entering a recession. … READ MORE >