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Manufacturing sector contracts for 13th straight month, but construction spending is up

Dec 1, 2023
The Institute for Supply Management’s Purchasing Managers Index showed worse-than-expected performance for manufacturing, but construction growth shone.
“The housing market is poised for gains for 2024," said Danushka Nanayakkara at the National Association of Home Builders.
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Why does furniture fall apart so easily?

Sep 27, 2023
Furniture used to last a lifetime. Now, not so much. But how did we get here?
"A great place to buy long-lasting furniture is a vintage furniture store, right? The proof is in the pudding that it's well made because it's lasting long enough for you to be able to purchase it right now," said Washington Post reporter Rachel Kurzius.
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The manufacturing sector is slowing. That could be a sign of a coming recession.

Jul 5, 2023
It's just over 10% of the U.S. economy but it has an outsized influence.
The Institute for Supply Management’s Purchasing Managers Index — a survey that measures manufacturing activity — fell again in June for an 8th straight month.
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A U.S. manufacturing boost is causing anxiety abroad

Feb 20, 2023
The Biden administration's reshoring efforts, aimed largely at cutting dependence on China, dismays allies who seek U.S. investment.
European Commission President Ursula von der Leyen. The EU and other American allies have expressed unease over the scope of U.S. government funding of domestic industries such as semiconductors and low-carbon energy equipment.
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Demand and prices are falling for manufactured goods

Jan 6, 2023
Manufacturing activity contracted in December, according to the Institute for Supply Management.
Demand for manufactured goods dropped in December, and so did prices for those goods. It may be a sign that the Federal Reserve's measures against inflation are working.
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Rising interest rates are hitting manufacturing

Oct 3, 2022
Businesses are scaling back their expectations for 2023 accordingly.
Though demand for things like new cars proved a boon to manufacturing during the pandemic, companies have begun to budget more conservatively amid rising interest rates.
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China's lockdowns and other risks have companies looking to diversify supply chains

Apple, among other companies, may be seeking manufacturing options in India and other emerging markets.
Some large foreign businesses, seeing COVID restrictions and slowing growth in China, are considering other countries like India for their future manufacturing plans.
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Manufacturing employment returns to pre-pandemic level

Jul 8, 2022
Demand for manufactured goods has grown during the pandemic, but new orders have been falling in recent months.
A worker assembles the interior of a safe. Many small business are looking to boost revenues in anticipation of a potential recession.
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Manufacturing delays mean retailers may consider raising prices

Jun 3, 2021
While delays and shortages could be just short-term disruptions, tariffs, which also push up prices, are expected to remain.
When manufacturers charge more for finished products, retailers also look at raising prices for consumers.
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Manufacturers seeking workers face competition for talent and an image problem

May 4, 2021
People have outdated ideas about manufacturing jobs and facilities, according to an executive.
Workers to fill engineering and welding jobs are in demand.
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