The Institute for Supply Management’s Purchasing Managers Index showed worse-than-expected performance for manufacturing, but construction growth shone.
Furniture used to last a lifetime. Now, not so much. But how did we get here?
It’s just over 10% of the U.S. economy but it has an outsized influence.
The Biden administration’s reshoring efforts, aimed largely at cutting dependence on China, dismays allies who seek U.S. investment.
Manufacturing activity contracted in December, according to the Institute for Supply Management.
Businesses are scaling back their expectations for 2023 accordingly.
Apple, among other companies, may be seeking manufacturing options in India and other emerging markets.
Demand for manufactured goods has grown during the pandemic, but new orders have been falling in recent months.
While delays and shortages could be just short-term disruptions, tariffs, which also push up prices, are expected to remain.
People have outdated ideas about manufacturing jobs and facilities, according to an executive.