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Ism Survey

All articles tagged with #ism survey

businesseconomy1 year ago•4 min saved

"US Manufacturing Surges Despite Rising Raw Material Prices"

The US manufacturing sector showed signs of recovery in March, with the ISM manufacturing PMI rising to 50.3, the first reading above 50 since September 2022. New orders and production rebounded, but employment at factories remained subdued. Rising raw material prices pose a potential obstacle, indicating possible goods inflation in the coming months. Meanwhile, construction spending unexpectedly dropped 0.3% in February, but strong growth in manufacturing production is expected to support overall economic growth in the first quarter.

via Reuters|

#businesseconomy #construction-spending #employment

businesseconomy1 year ago•4 min saved

"US Manufacturing Rebounds Despite Raw Material Price Challenges"

US manufacturing grew for the first time in 1-1/2 years in March, with production rebounding and new orders increasing, but employment at factories remained subdued. Risks remain from rising raw material prices, which could lead to goods inflation. The Institute for Supply Management's survey indicated that the sector is on the mend, but challenges persist. While manufacturing has turned the corner, construction spending unexpectedly dropped in February.

via Yahoo Finance|

#businesseconomy #employment #factory-output

economy2 years ago•4 min saved

US Manufacturing Slump Worsens as Price Pressures Remain Subdued

US manufacturing activity continued to decline in June, reaching levels last seen during the initial wave of the COVID-19 pandemic. The Institute for Supply Management (ISM) survey showed that factories resorted to layoffs as shrinking activity persisted. However, price pressures at the factory gate remained subdued, providing a silver lining for the economy. The ISM's manufacturing PMI dropped to its lowest reading since May 2020, marking the eighth consecutive month of contraction. While some industries, such as transportation equipment, showed growth, overall weak demand and cautious inventory management are dampening the sector. On the other hand, housing construction rebounded in May, contributing to an increase in overall construction spending.

via Reuters.com|

#economy #factory-gate-prices #housing-construction

business2 years ago•4 min saved

US Manufacturing Sector Continues to Struggle in March

US manufacturing activity fell to a near three-year low in March, with new orders plunging and employment contracting, according to the Institute for Supply Management (ISM) survey. The ISM's manufacturing PMI fell to 46.3 last month, the lowest reading since May 2020, from 47.7 in February. The survey also showed a continued reduction in factory employment last month, but inflation pressures subsided, with supplier delivery performance the fastest since March 2009.

via Reuters|

#business #employment #inflation