WASHINGTON--The Institute for Supply Management, a trade group of purchasing managers, reported Monday that its manufacturing index slipped to 59.3 last month from February's reading of 60.8, which had been the highest since 2004. Any score above 50 signals growth.
WASHINGTON--The U.S. manufacturing sector has weathered a bumpy road over the course of the past two decades, but successfully righting the country's industrial ship would mean an economic windfall of $530 billion, according to a new report from The McKinsey Global Institute.
WASHINGTON--The Federal Reserve said last Friday that factory production rose 0.2 percent last month, reversing a drop of 0.4 percent in May. Manufacturing output is up 1.2 percent from June 2016.
WASHINGTON--A bipartisan and bicameral group of lawmakers is proposing a bill that would incentivize and boost American manufacturing, in addition to research and development, as the Trump administration looks to keep a promise from the presidential campaign.
TEMPE, AZ——Manufacturing in the United States expanded in February at the fastest pace since August 2014, as factory managers reported stronger orders and production. The Institute for Supply Management’s index climbed to 57.7, the sixth straight advance, from 56 a month earlier, the group’s report showed last Wednesday.
Although I’m a fan of science fiction, I have to laugh at utopian predictions of global—even universal—unity and harmony. Clearly, these authors don’t read the news. In 2015, no less than 55 armed conflicts raged worldwide.
WASHINGTON, DC—Tomorrow marks the 20-year anniversary of NAFTA’s implementation, and there is strong evidence of the pact’s positive impact on U.S. manufacturing. Since 1993, value-added manufacturing here has expanded from $1.06 trillion to $1.87 trillion in 2012.
WASHINGTON—In another sign that America is becoming more competitive in manufacturing, the United States is now equal to Mexico in “attractiveness” as a source for manufacturing operations and is on track to achieve cost parity with manufactured imports from China by 2015. That’s according to new research released by AlixPartners.