At a glance Labor challenges, along with the fact that capital is still readily accessible, have strengthened the case for companies to make investments in robotics and automation. The International Federation of Robotics projects the recent economic boom following the pandemic’s initial sharp ... READ MORE >
manufacturing
Manufacturing and energy industry outlook: Spring 2022
Robotics and automation will be crucial areas of focus for manufacturing and energy companies in the year ahead, especially as businesses across these sectors continue to navigate labor challenges, adapt to supply chain disruptions and hone their digital strategies. Our spring edition of The Real ... READ MORE >
RSM US Manufacturing Outlook Index: Omicron’s dampening effect
The RSM US Manufacturing Outlook Index receded again in January, providing another indication of the direct effect of the omicron variant on the business community and a sign of the eventual moderation of the post-crisis surge in growth. While the manufacturing sector continued to grow, the ... READ MORE >
Chart of the day: Manufacturing sector grows at a slower pace
The manufacturing sector continued to grow in December, but at a slightly lower rate compared to November, according to data released by the Institute for Supply Management on Tuesday. The data, taken before the full effect of the omicron variant was felt, pointed to the same big picture of healthy ... READ MORE >
RSM US Manufacturing Outlook Index: Expansion continues despite omicron, supply chain uncertainty
The RSM US Manufacturing Outlook Index remained solid in December at 1.3 standard deviations above neutral as the economy continued to expand into the end of the year. But that strength is in question as the omicron variant continues to spread. Our index moderated during December, mostly on a slump ... READ MORE >
What Biden’s $1.2T infrastructure package means for manufacturing and energy
On Nov. 15, President Biden signed a $1.2 trillion infrastructure package—The Infrastructure Investment and Jobs Act—that provides historic funding levels to improve public works, including roads, bridges, highways, internet access and the power grid, as well as to mitigate the effects of climate change. ... READ MORE >
Chart of the day: Manufacturing sector gained as price pressures eased
The manufacturing sector grew at a slightly higher pace in November than in October as demand for manufactured goods remained robust, according to a new survey of purchasing managers from the Institute for Supply Management on Wednesday. The top-line index registered at 61.1 on the month, up from 60.8 ... READ MORE >
RSM US Manufacturing Outlook Index: November was a good month
The RSM US Manufacturing Outlook Index in November reached its highest level since the spring, indicating a sustained economic recovery should the health crisis not get in the way. Despite snarled global supply chains that have made obtaining goods challenging, the domestic manufacturing sector ... READ MORE >
Manufacturing in Canada at seven-month high
Canada’s manufacturing output hit a seven-month high in October as domestic and international demand remained strong despite persistent bottlenecks in the global supply chains. The IHS Markit Canada Manufacturing Purchasing Managers' Index rose to 57.7 on the month, up from 57.0 in September, marking ... READ MORE >
Chart of the day: U.S. manufacturing remained strong in October
The U.S. manufacturing sector continued to expand in October as growth remained positive despite supply chain constraints. The Purchasing Managers' Index inched down to 60.8 from 61.1 in September, but still posted the 17th straight month of expansion since April 2020, according to a report from ... READ MORE >