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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.
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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 49 percent in December, a 1-percentage point increase compared to the 48 percent reported in November. .” This is concerning as it’s our peak season.”
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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. The Imports Index remained in contraction territory, registering 48 percent, 1.6 percentage points lower than the 49.6 percent reported in July.”
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 4 percent in April, higher than the 1-percent figure in March, but an indication of better health than the 27 percent recorded in January.
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“Of the six biggest manufacturing industries, four — Food, Beverage & Tobacco Products; Fabricated Metal Products; Chemical Products; and Transportation Equipment, which account for a combined 54 percent of manufacturing gross domestic product (GDP) — registered growth in March. ’ Expectations are for a strong second quarter.
“Of the six biggest manufacturing industries, only one — Food, Beverage & Tobacco Products — registered growth in October. The two manufacturing industries that reported growth in October are: Food, Beverage & Tobacco Products; and Plastics & Rubber Products. Certain commodities remain high.”
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More concerning is the share of sector GDP registering a composite PMI ® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 14 percent in June, 10 percentage points higher than the 4 percent reported in May,” says Fiore. WHAT RESPONDENTS ARE SAYING “High volume of customer orders.”
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More concerning: The share of sector GDP registering a composite PMI ® calculation at or below 45 percent (a good barometer of overall manufacturing weakness) was 53 percent in July, 39 percentage points higher than the 14 percent reported in June. Sales are lighter, and customer orders are coming in under forecasts.
The July composite index reading reflects companies continuing to manage outputs down as order softness continues. ” [Food, Beverage & Tobacco Products] “Suppliers are starting to reach out looking for new business. The Imports Index remained in contraction territory, registering 49.6 percent, 0.3
The June composite index reading reflects companies continuing to manage outputs down as softness continues and optimism about the second half of 2023 weakens. .” Fiore continues, “The U.S. Seventy-one percent of manufacturing gross domestic product (GDP) contracted in June, down from 76 percent in May.
The share of manufacturing sector GDP registering a composite PMI ® calculation at or below 45 percent (a good barometer of overall manufacturing weakness) was 41 percent in September, an 8-percentage point increase compared to the 33 percent reported in August. We are anticipating a record sales volume for 2024.”
The share of manufacturing sector GDP registering a composite PMI ® calculation at or below 45 percent (a good barometer of overall manufacturing weakness) was 33 percent in August, a 20-percentage point improvement compared to the 53 percent reported in July. ” [Food, Beverage & Tobacco Products] “Business outlook is good.
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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 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. ” [Food, Beverage & Tobacco Products] “Business is returning to pre-pandemic levels. .” 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. ” [Food, Beverage & Tobacco Products] “Business is steady. .” Fiore continues, “The U.S.
“Of the six biggest manufacturing industries, two — Food, Beverage & Tobacco Products; and Petroleum & Coal Products — registered growth in September. ’ ” [Food, Beverage & Tobacco Products] “Markets remain soft. The Prices Index remained in ‘decreasing’ territory, 4.6
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 4 percent in May, the same as in April, but an indication of better health than the 27 percent recorded in January.
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.
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. ” [Food, Beverage & Tobacco Products]. .” Fiore continues, “The U.S. WHAT RESPONDENTS ARE SAYING. ” [Machinery].
“Of the six biggest manufacturing industries, two — Food, Beverage & Tobacco Products; and Transportation Equipment — registered growth in November. The three manufacturing industries that reported growth in November are: Food, Beverage & Tobacco Products; Nonmetallic Mineral Products; and Transportation Equipment.
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 1 percent in February, compared to 27 percent in January and 48 percent in December. WHAT RESPONDENTS ARE SAYING “Currently seeing increasing sales in our business. .”
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. ” [Food, Beverage & Tobacco Products] “U.S.
The seven industries reporting contraction in July compared to June, in the following order are: Wood Products; Furniture & Related Products; Paper Products; Miscellaneous Manufacturing; Fabricated Metal Products; Food, Beverage & Tobacco Products; and Chemical Products. ” [Food, Beverage & Tobacco Products].
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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 48 percent in November, a 2-percentage point increase compared to the 46 percent reported in October.
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