While summer may be nearing its end, the climate in the manufacturing sector remains very warm, according to the most recent edition of the Manufacturing Report on Business issued today by the Institute for Supply Management (ISM).
The PMI, the ISM’s index to measure growth, headed up 1.9 percent to 59.0 in August (a PMI of 50 or greater represents growth), just shy of its highest reading since March 2011’s 59.1. What’s more, August’s PMI is 4.5 percent higher than the 12-month average of 55.5, and economic activity in the manufacturing sector has expanded for 15 straight months, with the overall economy growing for the 63rd straight month.
To read the complete article, please click here.
SC
MR
Subscribe to our weekly e-mail update
Don’t miss out on the best in supply chain. Latest Supply Chain News
- AI, virtual reality is bringing experiential learning into the modern age
- Humanoid robots’ place in an intralogistics smart robot strategy
- Tips for CIOs to overcome technology talent acquisition troubles
- There is still work to do to achieve supply chain stability
- Blooming success: The vital role of S&OE in nurturing global supply chains
- More News
Latest Resources
The Ultimate WMS Checklist: Find the Perfect Fit
Avoid costly mistakes by choosing the perfect WMS for your company with our comprehensive buyer's guide. Get your checklist now!
Explore
Topics
Latest Supply Chain News
- AI, virtual reality is bringing experiential learning into the modern age
- Humanoid robots’ place in an intralogistics smart robot strategy
- Tips for CIOs to overcome technology talent acquisition troubles
- There is still work to do to achieve supply chain stability
- Blooming success: The vital role of S&OE in nurturing global supply chains
- Supply chain salaries, job satisfaction on the rise
- More latest news
Latest Resources
Frictionless Videocast: The Importance of Water at the U.S./Mexico Border
Listen as Dr. Maria Elena Giner, Commissioner of the US International Boundary and Water Commission, and Rosemary Coates, Executive Director of…
Subscribe
Supply Chain Management Review delivers the best industry content.
Subscribe today and get full access to all of Supply Chain Management Review’s exclusive content, email newsletters, premium resources and in-depth, comprehensive feature articles written by the industry's top experts on the subjects that matter most to supply chain professionals.
Editors’ Picks
Port of Baltimore May Not Reopen Until Summer
The Port of Baltimore may remain closed until at least May, and possibly into…
A New Priority Greets Procurement Professionals in 2024
Cost reduction supplants supply continuity as the top issue facing…
Supply Chains Facing New Pressures as Companies Seek Cost Savings
A Boston Consulting Group survey of global executives found a majority are…
Digital Approaches, End-to-End Thinking Help Supply Chains Evolve
Supply chain disruptions come in many forms, but digital approaches and…
© Copyright 2024 Supply Chain Management Review, a division of Peerless Media. All Rights Reserved.
×