Textile manufacturing

Manufacturing PMI® at 49.2%; April 2024 Manufacturing ISM® Report On Business®

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Wednesday, May 1, 2024
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TEMPE, Ariz., May 1, 2024 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in April after one month of expansion following 16 consecutive months of contraction, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • (A Manufacturing PMI® above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.)
  • The Prices Index registered 60.9 percent, up 5.1 percentage points compared to the reading of 55.8 percent in March.
  • The Backlog of Orders Index registered 45.4 percent, down 0.9 percentage point compared to the 46.3 percent recorded in March.
  • "The Supplier Deliveries Index figure of 48.9 percent is 1 percentage point lower than the 49.9 percent recorded in March.

Manufacturing PMI® at 50.3%; March 2024 Manufacturing ISM® Report On Business®

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Monday, April 1, 2024
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TEMPE, Ariz., April 1, 2024 /PRNewswire/ -- Economic activity in the manufacturing sector expanded in March after contracting for 16 consecutive months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • TEMPE, Ariz., April 1, 2024 /PRNewswire/ -- Economic activity in the manufacturing sector expanded in March after contracting for 16 consecutive months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.
  • (A Manufacturing PMI® above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.)
  • The Prices Index registered 55.8 percent, up 3.3 percentage points compared to the reading of 52.5 percent in February.
  • "The Supplier Deliveries Index figure of 49.9 percent is 0.2 percentage point lower than the 50.1 percent recorded in February.

Manufacturing PMI® at 49.1%; January 2024 Manufacturing ISM® Report On Business®

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Thursday, February 1, 2024
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TEMPE, Ariz., Feb. 1, 2024 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in January for the 15th consecutive month following one month of "unchanged" status (a PMI® reading of 50 percent) and 28 months of growth prior to that, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • (A Manufacturing PMI® above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.)
  • The Prices Index registered 52.9 percent, up 7.7 percentage points compared to the reading of 45.2 percent in December.
  • The Backlog of Orders Index registered 44.7 percent, 0.6 percentage point lower than the 45.3 percent recorded in December.
  • "The Supplier Deliveries Index figure of 49.1 percent is 2.1 percentage points higher than the 47 percent recorded in December.

Manufacturing PMI® at 47.4%; December 2023 Manufacturing ISM® Report On Business®

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Wednesday, January 3, 2024
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TEMPE, Ariz., Jan. 3, 2024 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in December for the 14th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • (A Manufacturing PMI® above 48.7 percent, over a period of time, generally indicates an expansion of the overall economy.)
  • The Backlog of Orders Index registered 45.3 percent, 6 percentage points higher than the November reading of 39.3 percent.
  • "The Supplier Deliveries Index figure of 47 percent is 0.8 percentage point higher than the 46.2 percent recorded in November.
  • Fiore continues, "The U.S. manufacturing sector continued to contract, but at a slightly slower rate in December as compared to November.

Manufacturing PMI® at 46.7%; October 2023 Manufacturing ISM® Report On Business®

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Wednesday, November 1, 2023
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TEMPE, Ariz., Nov. 1, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in October for the 12th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • (A Manufacturing PMI® above 48.7 percent, over a period of time, generally indicates an expansion of the overall economy.)
  • The Prices Index registered 45.1 percent, up 1.3 percentage points compared to the reading of 43.8 percent in September.
  • The Backlog of Orders Index registered 42.2 percent, 0.2 percentage point lower than the September reading of 42.4 percent.
  • "The Supplier Deliveries Index figure of 47.7 percent is 1.3 percentage points higher than the 46.4 percent recorded in September.

Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

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Friday, September 1, 2023
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TEMPE, Ariz., Sept. 1, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in August for the 10th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • "The Supplier Deliveries Index figure of 48.6 percent is 2.5 percentage points higher than the 46.1 percent recorded in July.
  • The New Export Orders Index reading of 46.5 percent is 0.3 percentage point higher than July's figure of 46.2 percent.
  • Fiore continues, "The U.S. manufacturing sector shrank again, but the uptick in the PMI® indicates a slower rate of contraction.
  • The five manufacturing industries that reported growth in August are: Printing & Related Support Activities; Transportation Equipment; Food, Beverage & Tobacco Products; Petroleum & Coal Products; and Miscellaneous Manufacturing.

Manufacturing PMI® at 46.4%; July 2023 Manufacturing ISM® Report On Business®

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Tuesday, August 1, 2023
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TEMPE, Ariz., Aug. 1, 2023 /PRNewswire/ -- 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 executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • The Employment Index dropped further into contraction, registering 44.4 percent, down 3.7 percentage points from June's reading of 48.1 percent.
  • "The Supplier Deliveries Index figure of 46.1 percent is 0.4 percentage point higher than the 45.7 percent recorded in June.
  • In the last eight months, the Supplier Deliveries Index has recorded its eight lowest readings since March 2009 (43.2 percent).
  • Fiore continues, "The U.S. manufacturing sector shrank again, but the uptick in the PMI® indicates a marginally slower rate of contraction.

Manufacturing PMI® at 46%; June 2023 Manufacturing ISM® Report On Business®

Retrieved on: 
Monday, July 3, 2023
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TEMPE, Ariz., July 3, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in June for the eighth consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • The Backlog of Orders Index registered 38.7 percent, 1.2 percentage points higher than the May reading of 37.5 percent.
  • "The Supplier Deliveries Index figure of 45.7 percent is 2.2 percentage points higher than the 43.5 percent recorded in May.
  • This figure, along with the previous seven, is the Supplier Deliveries Index's lowest reading in since March 2009 (43.2 percent).
  • Fiore continues, "The U.S. manufacturing sector shrank again, with the Manufacturing PMI® losing ground compared to the previous month, indicating a faster rate of contraction.

Manufacturing PMI® at 46.9%; May 2023 Manufacturing ISM® Report On Business®

Retrieved on: 
Thursday, June 1, 2023
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TEMPE, Ariz., June 1, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in May for the seventh consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • The New Export Orders Index reading of 50 percent is 0.2 percentage point higher than April's figure of 49.8 percent.
  • Fiore continues, "The U.S. manufacturing sector shrank again, with the Manufacturing PMI® losing a bit of ground compared to the previous month, indicating a faster rate of contraction.
  • Output/Consumption (measured by the Production and Employment indexes) was positive, with a combined 3.4-percentage point upward impact on the Manufacturing PMI® calculation.
  • This is stunting growth and currently making 2023 demand look flat to only slightly up, compared to original projections of 10-percent growth."

ISM® REPORTS ECONOMIC IMPROVEMENT TO CONTINUE THROUGH 2023

Retrieved on: 
Monday, May 8, 2023
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TEMPE, Ariz., May 8, 2023 /PRNewswire/ -- The U.S. economy will continue to softly expand for the rest of 2023, say the nation's purchasing and supply executives in the Spring 2023 Semiannual Economic Forecast. Expectations for the remainder of 2023 are similar to those expressed in December 2022, despite continued inflation and geopolitical uncertainty.

Key Points: 
  • Expectations for the remainder of 2023 are similar to those expressed in December 2022, despite continued inflation and geopolitical uncertainty.
  • Forty percent of respondents say that revenues for 2023 will increase, on average, 11.6 percent compared to 2022.
  • "With 10 manufacturing sector industries expecting revenue growth in 2023 and 11 industries expecting employment growth in 2023, panelists forecast that recovery will continue the rest of the year, albeit somewhat softer than originally expected.
  • Sentiment in each sector was generally consistent with industry performance reports in the April 2023 Manufacturing ISM® Report On Business®, as well as the fall Semiannual Economic Forecast conducted in December," says Fiore.