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Machine Tool Manufacturers Book High Totals

Machine Tool Manufacturers Book High Totals Machine tool manufacturers booked high totals - $460.7 million worth of manufacturing technology equipment - in the latest report. It is the highest total since Q1-but long lead times and a potential economic slowdown threaten sustained order activity in the months ahead. US Raw Steel Production Down from Previous [...]

2022-10-18T14:43:32-04:00A View|

Manufacturing Sector Grew in September

Manufacturing Sector Grew in September The manufacturing sector grew in September according to the Institute for Supply Management (ISM) September 2022 Manufacturing ISM Report on Business. The overall economy achieved a 28th consecutive month of growth. The report was issued by Timothy R. Fiore, CPSM,CPM, Chair of the Institute for Supply Management (ISM) Manufacturing Business [...]

2022-10-18T14:21:51-04:00A View|

Durable Goods Orders Declined

Durable Goods Orders Declined for the Second Consecutive Month Durable goods orders declined for the second consecutive month in August, but in stripping away volatile factors, the underlying details of the report point to some stabilization in core orders. While the August durable goods report suggests new demand is not yet falling off a cliff, [...]

2022-10-18T13:56:41-04:00A View|

Modest Gain Masks Disappointing Report

Modest Gain Masks Disappointing Report A modest gain masks a disappointing report: the Consumer Price Index (CPI) increased 0.1% in August.  While headline inflation was kept in check by falling gasoline process, core inflation increased 0.6% over the month. US Raw Steel Production Up from Prior Week In the week ending 9/10/22, US raw steel [...]

2022-09-20T14:01:21-04:00A View|

Consumer Confidence Index Increased in August

The Conference Board Consumer Confidence Index increased in August, following three monthly declines. News Headlines Our southern border remains open to anyone. The Chinese are supplying the chemicals to make fentanyl to the Mexican cartels who are happy to sell it to Americans too stupid to heed the warnings. I believe somewhere near 3,000 Americans [...]

2022-09-20T13:44:15-04:00A View|

Supply/Demand Balance

Supply/Demand Balance Supply/demand balance in manufacturing comes with appropriate tension levels between new orders and deliveries. According to the Institute for Supply Management (ISM)  Manufacturing ISM Report on Business for August 2022. Economic activity in the manufacturing sector grew in August, with the overall economy achieving a 27th consecutive month of growth, say the nation’s [...]

2022-09-09T11:50:16-04:00A View|

GDP Decreased Again

GDP Decreased Again GDP decreased again, at an annual rate of 0.6 percent following a 1.6 percent decrease in the first quarter, according to the “second” estimate of 2nd quarter GDP the Bureau of Economic Analysis (BEA) report. CFNAI Rose in July Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose [...]

2022-09-09T11:16:05-04:00A View|

Cutting Tool Consumption Up

Cutting Tool Consumption Up Cutting tool consumption up indicates a rise in manufacturing activity. US machine shops and other manufacturers consumed $175.9 million worth of cutting tools during June 2022, 0.3 % more than during May and 2.2% more than the June 2021 consumption total. The Cutting Tool Market Report tracks cutting-tool consumption as a [...]

2022-09-09T10:53:21-04:00A View|

Optimism Rose for First Time Since December 2021

Optimism Rose for First Time Since December 2021 Optimism rose for first time since December 2021, according to the National Federation of Independent Business (NFIB) Small Business Optimism Index. July Consumer Price Index at 8.5 Percent The Consumer Price Index (CPI) released Wednesday, pegs inflation for July at 8.5 percent, a reduction, yes, but still [...]

2022-09-09T10:09:48-04:00A View|
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