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Source: ARM Institute The Advanced Robotics for Manufacturing, or ARM, Institute today selected six new technology projects for funding. Automated T-shirt assembly system Apparel manufacturing is an industry ripe for automation, making it a strategic focus for the ARM Institute. jobs, it added. Henderson Sewing Machine Company Inc.
The July composite index reading reflects companies continuing to manage outputs down as order softness continues. The Imports Index remained in contraction territory, registering 49.6 percent, 0.3 percentage point higher than the 49.3 percent reported in June.” ” Fiore continues, “The U.S.
With Business Survey Committee panelists reporting softening new order rates over the previous nine months, the January composite index reading reflects companies slowing outputs to better match demand in the first half of 2023 and prepare for growth in the second half of the year. .” Fiore continues, “The U.S.
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. .” Fiore continues, “The U.S. Seventy-six percent of manufacturing gross domestic product (GDP) is contracting, up from 73 percent in April.
More importantly, the share of sector GDP registering a composite PMI ® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 27 percent in January, compared to 48 percent in December, and 54 percent in November. ” [Transportation Equipment] “Business continues to stabilize.
More importantly, the share of sector GDP registering a composite PMI ® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 6 percent in September, compared to 15 percent in August and 25 percent in July, a clear positive,” says Fiore. However, many forecasts are set for the beginning of 2024.
More importantly, the share of sector GDP registering a composite PMI ® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 54 percent in November, compared to 35 percent in October and 6 percent in September. Unless the New York Stock Exchange is closed.
With Business Survey Committee panelists reporting softening new order rates over the previous seven months, the December composite index reading reflects companies’ slowing their output. In December, only one industry reported paying increased prices for raw materials: Apparel, Leather & Allied Products. Inventories.
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. The data should be compared to all other economic data sources when used in decision-making.
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