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Regional Fed Manufacturing Overview: September 2023

Advisor Perspectives

Five out of the 12 Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. The September average of the five districts is -6.5, down from the previous month.

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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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Richmond Fed Manufacturing Activity Improved in September

Advisor Perspectives

Fifth district manufacturing activity improved in August, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index increased from -7 in August to 5 in September, marking its 1st positive reading in 17 months. This month's reading is higher than the -6 forecast.

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Kansas City Fed Manufacturing Activity Declined Somewhat in September

Advisor Perspectives

The latest Kansas City Fed Manufacturing Survey composite index declined somewhat in September and the future outlook fell slightly. The composite index came in at -8, down from 0 in August, while the future outlook decreased to 1 from 2 last month.

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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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Philly Fed Manufacturing Index: Activity Declines

Advisor Perspectives

The latest Philadelphia Fed manufacturing index dropped back into negative territory indicating a decline in activity. In September, the index fell to -13.5, coming in below the forecast of -0.7. The six-month outlook remained positive for a fourth consecutive month at 11.1.

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: Google eyes India to manufacture Pixel: report

MarketWatch

s GOOGLGOOG Google has started discussions with Indian suppliers about assembling its Pixel phones to extend its manufacturing beyond China, according to a Bloomberg report on Tuesday. AAPL has made a similar move to manufacture products in India, in addition to China. Alphabet Inc.’s