U.S. Factories Saw Unexpected Decline in December

U.S. Factories

After a rather strong November, production at U.S. factories unexpectedly fell in December, with numbers pulled down by a decline in output at motor vehicle plants due to the ongoing global semiconductor shortage. Manufacturing output dropped 0.3% last month, after rising by 0.6% in November, according to newly released and revised information from the Federal …

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Weekly Wrap Up For January 21st, 2022

 Ryan Jennings, the owner and operator of WYSIWYG Marketing, discusses the vital importance of having up-to-date content in a current industrial website design as search engines change their algorithms, meaning you may not be found. Honda Still on the Fence About U.S. EV Manufacturing Japanese automaker Honda Motor Co. recently stated that it’s still …

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Weekly Wrap Up For January 14th, 2022

 Dr. Chris Kuehl, Managing Partner with Armada Corporate Intelligence, discusses the Credit Manager’s Index. American Factory Orders Saw Strong Increase in November According to new information released by the Commerce Department, new orders for U.S.-manufactured goods accelerated significantly in November, while business spending on equipment seemed to struggle to rebound in the fourth quarter. …

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American Factory Orders Saw Strong Increase in November

American Factory Orders

According to new information released by the Commerce Department, new orders for U.S.-manufactured goods accelerated significantly in November, while business spending on equipment seemed to struggle to rebound in the fourth quarter. The report, released this past Thursday, showed that American factory orders rose 1.6% in November. Data for October was revised higher to show …

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Weekly Wrap Up For January 7th, 2022

 Tim Fiore, Committee Chair for the ISM Manufacturing Report on Business(R), presents the manufacturing Report On Business. Tesla to Recall Over 475,000 Cars in the U.S. The last year was another major one for Tesla, as they saw continued growth and sales while other auto companies experienced delays and other manufacturing problems. However, a …

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Charlotte-based Manufacturer Set to be Sold for Nearly $4 Billion

Charlotte-based Manufacturer

Charlotte-based manufacturer SPX Flow announced last week that they would be acquired by a private equity firm in a massive deal valued at $3.8 billion. The firm, which is an associate of Lone Star Funds in Dallas, TX, intends to take the manufacturer private. The all-cash purchase price of $86.50 per share represents a nearly …

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Weekly Wrap Up For December 17th, 2021

 Harry Moser, President of the Reshoring Initiative, how we fix reshoring to capture the opportunities for reshoring, even in the face of labor shortages that add to the growing number of job openings in the industry.  Committee Chairs Tim Fiore and Anthony Nieves discuss the ISM’s Semi-Annual Forecast for Manufacturing and Services respectively. …

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Weekly Wrap Up For December 10th, 2021

 Dr. Chris Kuehl, Managing Partner with Armada Corporate Intelligence, discusses the Credit Manager’s Index. Commerce Secretary Urges House to Pass CHIPS Act Last June, the Senate passed the highly anticipated and bi-partisan U.S. Innovation and Competition Act, which included important legislation known as the CHIPS Act. Now, as the bill remains stalled in the …

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Chinese Manufacturing Rebounds as Power Shortages Decrease

Chinese Manufacturing

In recent months, nations around the globe have been struggling due to supply chain constraints. China in particular was in the middle of a serious energy shortage, which had drastic results on their productivity. Now, new reports seem to indicate the world’s largest manufacturer is starting to rebound.  According to industry group Capital Economics, China’s …

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Weekly Wrap Up For December 3rd, 2021

 Tim Fiore, Committee Chair for the ISM Manufacturing Report on Business®, presents the manufacturing Report On Business. Japan Willing to Pay Half of Startup Costs for Chip Fabs With chipmakers looking to expand production capabilities, many countries are working hard to make their nation an appealing location. While the U.S. has emerged as a …

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