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The August composite index reading reflects companies managing outputs appropriately as order softness continues, but the month-over-month increase is a sign of improvement. Logistics stabilized and costs are matching 2019. The Imports Index remained in contraction territory, registering 48 percent, 1.6 percent reported in July.”
The July composite index reading reflects companies continuing to manage outputs down as order softness continues. Logistics costs have settled, transit times continue to shorten and capacities at most suppliers are sufficient.” The Imports Index remained in contraction territory, registering 49.6 percent, 0.3
The May composite index reading reflects companies continuing to manage outputs to better match demand for the first half of 2023 and prepare for growth in the late summer/early fall period. Logistics, particularly from East Asia , continue to return to historical-level transit times; Europe and India remain elevated.
“New order entry has slowed down slightly; however, logistical issues have yet to improve. Five industries reported growth in production during the month of July: Apparel, Leather & Allied Products; Petroleum & Coal Products; Computer & Electronic Products; Transportation Equipment; and Plastics & Rubber Products.
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