Tag: Manufacturing

Meanwhile, an increasing number think it's too early to say whether the penalties are going to bring more manufacturing to the US.

Firms were pessimistic, with the future general business conditions index falling to its second lowest reading in the more than 20-year history of the survey

Supply chains are working through what the tariffs mean for them

US manufacturing activity slowed in March after two straight months of expansion, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.

After a modest recovery in February, business activity in New York state’s manufacturing sector declined sharply in March, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.

Cleveland-Cliffs Inc. has introduced a new employee incentive program to promote American-made vehicles, support domestic production, and strengthen US supply chains.

Manufacturing activity exhibited slight to modest increases across a majority of districts. However, manufacturers expressed concerns over the potential impact of looming trade policy changes between late January and February.

The Association of Equipment Manufacturers slammed the use of "broad and indiscriminate" penalties.

The Manufacturing PMI registered 50.3% in February. That’s 0.6 percentage points lower compared to the 50.9% recorded in January.

Business activity in New York state’s manufacturing sector recovered nicely in February after a sharp decline the previous month, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York. The general business conditions index rose 18 points to 5.7. This is a diffusion index, where a positive reading signifies […]

Automakers, construction, manufacturers raise concerns

If 2021 and 2022 was the party, 2024 is the morning after, one panelist said.

While Canada and Mexico bent the knee to push tariff implementation out another month, the US on Tuesday instituted an additional 10% tariff on Chinese goods.

The Vienna-based global refractory product provider said this is its most significant investment since RHI and Magnesita merged in 2017

Following more than two years of contraction, US manufacturing activity rebounded in January according to the Institute for Supply Management.

North American auto assemblies dropped in December, a sharp 22.6% fall below November, reaching the lowest mark in over three years. Assemblies were also down 5.7% year on year (y/y), according to LMC Automotive data. December’s assemblies reached the lowest total since July 2021. Sentiment remains tempered as carmakers continue to downgrade and adjust vehicle […]

Day One of the second Trump administration did not bring tariffs, but it did signal that tariffs, and other major trade actions, are not far off.

The amount of manufacturers who are optimistic about the next three months rose by 5% to 35%.

Recent Federal Reserve data indicates that the US manufacturing sector remains healthy and stable. The strength of the manufacturing economy has a direct relationship to the health of the steel industry.

The incoming administration said it also wants to streamline permitting and roll back regulations.

“Price increases, while subdued, picked up,” Richard Deitz, Economic Research Advisor at the New York Fed. “Firms grew more optimistic that conditions would improve in the months ahead.”

Economic activity across the US experienced slight to moderate growth at the end of 2024, while manufacturing activity showed a slight decline

The company said the biggest headwind it's facing is the downturn in manufacturing.

“U.S. manufacturing activity contracted again in December, but at a slower rate compared to November,” according to Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee.

Most expect activity to hold steady or increase over the next three months.

Worthington Enterprises' profits edged down in its fiscal second quarter of 205 vs. a year earlier. The company said a slump in sales in the quarter was due largely to the "deconsolidation" of the Sustainable Energy Solutions segment in the fourth quarter of fiscal 2024.

“Manufacturers are optimistic,” said Timothy R. Fiore, chair of ISM’s Manufacturing Business Survey Committee.

Following a substantial recovery in November, business activity in New York state’s manufacturing sector held steady in December, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.

Highlights from the aluminum industry this week

US manufacturing activity contracted again in November for the eighth consecutive month.