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The share of manufacturing sector GDP registering a composite PMI ® calculation at or below 45 percent (a good barometer of overall manufacturing weakness) was 46 percent in October, a 5-percentage point increase compared to the 41 percent reported in September.
With Business Survey Committee panelists reporting softening new order rates over the previous 10 months, the March composite index reading reflects companies continuing to slow 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.
The April 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. . Supplychains are prepared and eager for growth, as panelists’ comments support reduced lead times for their more important purchases.
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. . Labor shortages are getting better within our organization and throughout our supplychain.”
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. (We)
With Business Survey Committee panelists reporting softening new order rates over the previous nine months, the February composite index reading reflects companies continuing to slow outputs to better match demand for the first half of 2023 and prepare for growth in the second half of the year. .” 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 August composite index reading reflects companies managing outputs appropriately as order softness continues, but the month-over-month increase is a sign of improvement. We’re continuing to ship to max capacity, with supply constraints still a real part of our day-to-day business operations.” percent reported in July.”
The Customers’ Inventories Index reading indicated improved supplychain efficiency, as output improved and customers’ inventories continued to decline. Its community of more than 50,000 in more than 100 countries manage about US$1 trillion in corporate and government supplychain procurement annually.
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 seven months, the December composite index reading reflects companies’ slowing their output. Managing head counts and total supplychain inventories remain primary goals as the sector closes the year. WHAT RESPONDENTS ARE SAYING.
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. Material prices are remaining relatively flat.
Suppliers continue to have capacity but are showing signs of struggling, due in part to their raw material supplychains. Forty percent of manufacturing gross domestic product (GDP) contracted in February, down from 62 percent in January.
Panelists are now expressing concern about a softening in the economy, as new order rates contracted for the second month amid developing anxiety about excess inventory in the supplychain. Overstock of raw materials due to prior supplychain issues and slowing orders.” ” [Computer & Electronic Products].
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