August 2022 Manufacturing ISM® Report On Business®

March 2022 Manufacturing ISM Report On Business

Manufacturing PMI® at 52.8% New Orders and Employment Expanding Production and Backlogs Growing Supplier Deliveries Slowing at a Slower Rate Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing at a Slower Rate; Exports Contracting; Imports Growing (Tempe, Arizona) — Economic activity in the manufacturing sector grew in August, with the overall economy achieving …

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Commerce Secretary Warns U.S. Could Lose Chip Factory

Chip factory

Last week U.S. Commerce Secretary Gina Raimondo said that she believes GlobalWafers will follow through on its plan to build a silicon wafer factory in Texas, on the condition that Congress passes funding for the CHIPS for America Act by the time the August recess begins. “This investment that they’re making is contingent upon Congress …

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U.S. Manufacturing Output Softens in May

U.S. Manufacturing

New information has shown that production at U.S. factories unexpectedly fell in May, the latest in a string of cooling economic activity as the Federal Reserve aggressively tightens monetary policy to tame inflation. Slowing growth was indicated in other data showing a gauge of future economic activity declining in May for a third straight month. …

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Hyundai to Invest $5 Billion in U.S. Manufacturing

U.S. Manufacturing

On Sunday, Hyundai announced new plans to commit a further $5 billion towards investing in American manufacturing and innovation. The funds will support the company’s work in electric vehicles, robotics, air taxis, self-driving cars and artificial intelligence. This new announcement follows the automaker’s other major announcement last week regarding their plans to build an all-EV manufacturing …

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Tandem PV Raises $6 Million to Build Solar Manufacturing Facility

solar manufacturing

U.S. perovskite company Tandem PV has closed on the first half of a $12 million Series A raise after raising $6 million for building a pilot manufacturing facility in its headquarters of San Jose, California. The company will use this investment to manufacture its first commercial-grade tandem solar panels intended to equip customers with more …

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MFG Talk Radio Correspondent Cliff Waldman Launches a New Consulting Company

Cliff Notes Vol 3

ARLINGTON, Va., June 23, 2020 /PRNewswire/ — Cliff Waldman, whose respected research has solidified his reputation as one of the leading experts on manufacturing, has launched the consulting firm New World Economics (www.newworldecon.com). Through its products and services, New World Economics provides much-needed clarity and guidance for manufacturers at this time of massive economic uncertainty …

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