manufacturing sector

Production, new orders, imports and exports all increased, according to the latest Purchasing Managers Report from ISM. But according to the Labor Department, the economy has shed 66,000 manufacturing jobs over the past year.

The Purchasing Managers’ Index from S&P Global this month shows a booming manufacturing sector, while service industries are stagnating.

The Institute for Supply Management’s Purchasing Managers Index, out on Monday, showed that the prices businesses pay for what they need shot up 7.7 percentage points in March.

The Trump administration’s tariffs are raising costs for businesses, reducing the benefits of productivity improvements.

Activity in the sector contracted last year, but federal investment is one of the factors that could make 2024 better.

As the global supply chain smooths out its kinks, warehouse costs are top of mind for the Legacy Companies.

Blake Moret, chairman and CEO of Rockwell Automation, says that the manufacturing sector remains strong despite a recent slowdown.

Monthly data from the Federal Reserve shows a slowdown in shipments, new orders and employment in the sector.