Economic activity in the manufacturing sector grew in January — with the overall economy achieving a 20th consecutive month of growth — and the January Manufacturing PMI registered 57.6%, a decrease of 1.2 percentage points from the seasonally adjusted December reading of 58.8%, according to supply executives in the latest Manufacturing ISM Report on Business. […]
Category: manufacturing
3Q Manufacturing Profits Rise
U.S. manufacturers’ seasonally adjusted after-tax profits in the third quarter of 2021 totaled $254.6 billion, up $5.2 billion from the $249.4 billion recorded in the second quarter of 2021, and up $118.4 billion from the $136.2 billion recorded in the third quarter of 2020, according to a report released by the U.S. Census Bureau. Seasonally […]
ISM: Manufacturing Grew in November
Economic activity in the manufacturing sector grew last month, with the overall economy achieving an 18th consecutive month of growth, according to the latest Manufacturing ISM Report on Business. Timothy R. Fiore, chair of the Institute for Supply Management, released the report. The November Manufacturing PMI registered 61.1%, an increase of 0.3 percentage point from […]
ISM: Manufacturing Sector Grows in October
Economic activity in the manufacturing sector grew in October, with the overall economy achieving a 17th consecutive month of growth, according to the latest Manufacturing ISM Report on Business. “The October Manufacturing PMI registered 60.8%, a decrease of 0.3 percentage point from the September reading of 61.1 percent,” according to Timothy R. Fiore, CPSM, C.P.M., […]
Amazon Opens Robotics Facility
Amazon (NASDAQ: AMZN) announced Thursday the opening of a new “first-of-its-kind” robotics manufacturing facility in Westborough, Massachusetts, which is expected to expand Amazon Robotics’ manufacturing capability in the U.S. Amazon said the new facility has created 200 new manufacturing jobs. “We care about the communities where we operate. This is why we are proud to […]
Pentair Finalizes $255M Pleatco Acquisition
Pentair (NYSE:PNR), a provider of water treatment and sustainable solutions, says it has completed its transaction to acquire Pleatco for approximately $255 million in cash, subject to customary adjustments. Pleatco manufactures water filtration and clean air technologies for pool, spa and industrial air customers. The acquisition provides Pentair additional replacement filter products to be sold […]
U.S. Census Bureau: Manufacturing and Trade Shipments Drop Slightly in August
The combined value of distributive trade sales and manufacturers’ shipments for August, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,615.9 billion, which was down 0.1% from July but was up 15.3% from the same month a year ago, according to the U.S. Census Bureau. Manufacturers’ and trade […]
