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Richmond Fed Manufacturing Activity Slowed in March

Advisor Perspectives

Fifth district manufacturing activity slowed in March, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index fell to -11 this month from -5 in February, marking its 5th consecutive negative reading. This month's reading was worse than the forecasted reading of -5.

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Manufacturing Has Peaked This Cycle, 8 of 11 ISM Components in Contraction

Mish Talk

Please consider the November 2022 Manufacturing ISM ® Report On Business ® “Manufacturing contracted in November after expanding for 29 straight months. Key Details “The November Manufacturing PMI ® registered 49 percent, 1.2 The Manufacturing PMI ® figure is the lowest since May 2020, when it registered 43.5 percent, 4.2

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Empire State Manufacturing Survey: Activity Drops Sharply in January

Advisor Perspectives

Manufacturing activity dropped sharply in New York State, according to the Empire State Manufacturing January survey. The diffusion index for General Business Conditions fell to -43.7 from -14.5 in December. This morning's reading was worse than the forecast of -5.0 and is the index's lowest reading since May 2020.

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ISM Manufacturing Index Contracts for 14th Straight Month

Advisor Perspectives

The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) rose to 47.4 in December from 46.7 in November. The latest figure marks the 14th straight month the index has been in contraction territory after a 29-month period of growth dating back to June 2020. The December reading was above the forecast of 47.1.

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Global Hiring Guide: Top Emerging Fintech Hubs

In fact, according to a report from Korn Ferry, by 2030, more than 85 million jobs could go unfilled across three major industries: telecommunications, manufacturing, and technology. However, experts are warning that local candidates to fill those roles may become scarce in certain areas. This shortage could cost 8.5

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Dallas Fed Manufacturing: Business Conditions Continue to Worsen in March

Advisor Perspectives

The Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for March. The latest general business activity index came in at -14.4, down from -11.3 from last month. This marks the 23rd consecutive month the index has been in contraction territory.

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Empire State Manufacturing Survey: Activity Continues to Decline in March

Advisor Perspectives

Manufacturing activity continued to decline in New York State, according to the Empire State Manufacturing March survey. The diffusion index for General Business Conditions fell to -20.9 in February. This morning's reading was worse than the forecast of -7.0.