August 2023 Manufacturing ISM® Report On Business®

Manufacturing PMI® at 47.6% New Orders, Employment and Backlogs Contracting Supplier Deliveries Faster Raw Materials Inventories Contracting; Customers’ Inventories Too Low Prices Decreasing; Exports and Imports Contracting (Tempe, Arizona) — Economic activity in the manufacturing sector contracted in August for the 10th consecutive monthfollowing a 28-month period of growth, say the nation’s supply executives in …

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July 2023 Manufacturing ISM® Report On Business

Manufacturing PMI® at 46.4% New Orders, Production, Employment and Backlogs Contracting Supplier Deliveries Faster Raw Materials Inventories Contracting; Customers’ Inventories Too Low Prices Decreasing; Exports and Imports Contracting (Tempe, Arizona) — Economic activity in the manufacturing sector contracted in July for the ninth consecutive month following a 28-month period of growth, say the nation’s supply …

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February 2023 Manufacturing ISM® Report On Business®

Manufacturing PMI® at 47.7% New Orders and Production Contracting Backlogs Contracting Supplier Deliveries Faster Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing; Exports and Imports Contracting (Tempe, Arizona) — Economic activity in the manufacturing sector contracted in February for the fourth consecutive monthfollowing a 28-month period of growth, say the nation’s supply executives …

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August 2022 Manufacturing ISM® Report On Business®

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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U.S. Robot Sales in Manufacturing Boom Over Strong Supplier Base

Robot Sales

According to a new report by How To Robot, Gain & Co, and The Association for Advancing Automation, robotics and automation are picking up fast among manufacturers in North America. 2021 brought about record robot sales of 39,708 for a total worth of over $2 billion, which is a dramatic increase of 28% over the …

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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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