Latest posts about Manufacturing
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January PMI declines but remains in close range to estimates, reports ISM
February 1, 2023
The report’s key metric, the PMI, at 47.4 (a reading of 50 or higher indicates growth), down 1.0% from December’s 48.4, contracting, at a faster rate, for the third consecutive month. The last three months of contraction, through January, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a faster rate, in January, for the second consecutive month, which was preceded by 30 consecutive months of growth.
Toyota Material Handling sweeps TMHG Global Skills competition
January 26, 2023
Shawn Dickmeyer earns Gold in Welding category, joins Kim Douglass (gold, Assembly) as first two TMH gold medalists in international competition
December manufacturing output decreases, to finish 2022, reports ISM
January 4, 2023
The report’s key metric, the PMI, came in at 48.4 (a reading of 50 or higher indicates growth), down 0.6% from November’s 49.0, contracting, at a faster rate, for the second consecutive month. The last two months of contraction were preceded by a stretch of 29 consecutive months of growth. ISM added that the overall economy contracted in December, following 30 consecutive months of growth.
ISM’s latest semiannual report optimistic on 2023 growth prospects
December 19, 2022
For manufacturing, ISM is estimating a 5.5% revenue gain in 2023, falling short of its 6.5% estimate from its predecessor report in May and its 9.2% 2022 growth rate. ISM member panelists are calling for 2023 services-based economy revenues to see a 3.1% gain in 2023, topping 2022’s 2.1% gain, which fell short of May’s 4.9% estimate.
Manufacturing output declines in November, reports ISM
December 1, 2022
The report’s key metric, the PMI, was 49.0 (a reading of 50 or higher indicates growth), down 1.2% from October’s 50.2, September’s 50.9 and back-to-back readings of 52.8 in July and August, with November’s contraction snapping a stretch of 29 consecutive months of growth.
James W. Schlusemann elected board president of SME
November 22, 2022
The non-profit organization, which is celebrating its 90th anniversary, announced its 2022 election results and installed its new officers, directors, and council representatives during a ceremony at its SME Fall Gala conducted Nov. 6 in Atlanta. Their terms begin in January 2023.
CESMII and SME form Smart Manufacturing Executive Council
October 25, 2022
The Smart Manufacturing Institute or "CESMII" and the Society of Manufacturing Engineers see council as a national think tank to advocate for transformation of the U.S. manufacturing ecosystem
ASME celebrates Manufacturing Day
October 7, 2022
Leading engineering society welcomes President Biden’s National Strategy for Advanced Manufacturing
SME Education Foundation supports SME PRIME schools with sustainability grants
October 6, 2022
Schools excel at providing STEM/CTE manufacturing knowledge and skills to students
ORBIS breaks ground to expand its manufacturing plant in Urbana, Ohio
October 5, 2022
Expansion of manufacturing facility to increase company’s overall molding capacity by 10%
60 Seconds with Sam Kurten, Engineering intern at Matrix, a ProMach product brand
October 4, 2022
Modern staff sat down with Sam Kurten, Engineering intern at Matrix, a ProMach product brand to talk about his career.
Raymond celebrates innovation, leadership development, with virtual Manufacturing Day event
September 15, 2022
Virtual event set to kick off on Oct. 7 aims to celebrate the manufacturing industry and inspire a new generation as Raymond celebrates a century-long history of innovation
August manufacturing output indicates steady growth, reports ISM
September 1, 2022
The report’s key metric, the PMI, was 52.8 (a reading of 50 or higher indicates growth), matching the July PMI, growing, at the same rate, for the 27th consecutive month, as well as the 27th consecutive month of overall economic growth.
July manufacturing output falls slightly but still growing, reports ISM
August 1, 2022
The July PMI reading is 4.8% below the 12-month average of 57.6, and it represents the lowest reading over the last 12 months and also the lowest going back to June 2020’s 52.4. The high over the last 12-month period is January’s 57.6.
Women in Manufacturing Association “Moms in MFG” virtual conference set for August 11, 2022
July 12, 2022
Moms in MFG is an event series and year-round community focused on supporting mothers and caregivers who are working in manufacturing.