The manufacturing sector contracted for the third straight month as higher borrowing costs continued to affect demand. The Institute for Supply Management’s manufacturing index in February was 47.7, remaining below the long-term breakeven point of 48.7. An index above 48.7 indicates an ... READ MORE >
manufacturing
RSM US Manufacturing Outlook Index shows a continuing slowdown
The downturn in manufacturing continued in February, according to the RSM US Manufacturing Outlook Index. At 1.9 standard deviations below normal, our proprietary index implies a manufacturing sector set to lead the overall economy into a slowdown. While the overall economy remains ... READ MORE >
RSM US Manufacturing Outlook Index: Slowdown continues
The downturn in manufacturing in the United States continued in December and January, according to the RSM US Manufacturing Outlook Index. Our index has now dropped below levels of activity in previous midcycle downturns, falling from two standard deviations above normal in the summer of 2021 to ... READ MORE >
Manufacturing labor market tightens further as pace of hiring slows
The United States added 8,000 manufacturing jobs in December, making for a total of 379,000 new manufacturing jobs added in 2022, according to the Bureau of Labor Statistics. This marks a 3% rise in new manufacturing jobs compared to 2021, but the hiring pace in the last few months has slowed. The U.S. ... READ MORE >
Manufacturing posts first decline in nearly 3 years
Industry and government data on Wednesday continued to paint a mixed picture of the economy as the end of the business cycle is approaching. The manufacturing sector showed its first monthly contraction following 30 straight months of growth, highlighting the impact of restrictive monetary conditions that ... READ MORE >
Manufacturing sector nears contraction
The manufacturing sector grew for the 30th month in a row but barely hovered above contraction in November, according to data released by the Institute for Supply Management on Thursday. The ISM’s overall index slowed to 49%, barely above the contraction threshold at 48.7%. It was the third straight ... READ MORE >
RSM US Manufacturing Outlook Index: Sentiment sours even as activity remains stout
Manufacturing sentiment continued to decline in November, according to the RSM US Manufacturing Outlook Index, driven by notable decelerations in the Philadelphia and Dallas regions. Firms in the New York, Richmond and Kansas City regions reported slight improvements over last month, though they ... READ MORE >
Globalized manufacturing enters a new era
The era of globalization which brought cheap goods, low inflation, rapid growth and inexpensive capital is transitioning to a new state. Globalization is not dead, but the makeup of its participants has shifted and the rules of global trade continue to be rewritten as businesses diversify where they ... READ MORE >
October data: Manufacturing jobs show little sign of slowing, but openings still elevated
After three months of softening manufacturing payroll data, hiring continued and experienced an uptick in October, according to Bureau of Labor Statistics data released Friday. There were 32,000 net new manufacturing jobs added last month, an increase from the 23,000 added in September. Another ... READ MORE >
RSM US Manufacturing Outlook Index: Continued signs of a slowdown
The downturn in manufacturing activity continued for the sixth consecutive month in October, according to the RSM US Manufacturing Outlook Index. With surging inflation and rising interest rates acting as a deadweight on business activity and expansion, it is likely that the global economy is either in or ... READ MORE >