Economy

Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 102nd consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The November PMI registered 58.2 percent, a decrease of 0.5 percentage point from the October reading of 58.7 percent. This indicates growth in manufacturing for the 15th consecutive month led by expansion in new orders and production, offset by supplier delivery improvement and declines in raw material Inventory.

Regal Cutting Tools, Roscoe, Ill., has been part of Hononegah Community High School’s Workplace Readiness Program for years, including job shadowing and training workshops. The company also is very involved in Beloit Memorial High School’s technical programs, providing mentorship, summer apprenticeships and internships. The success of the programs with Regal Cutting Tools and other companies has created a problem. “I never have enough students to make my level three machining class run,” said a machining and welding instructor at Beloit Memorial. “The reason why is because they’re pilfered off the machining two class to work for these different companies. It’s an excellent sign of demand.”

Single Source Technologies, Auburn Hills, Mich., a global distributor of machine tool and consumable brands, held a ribbon-cutting ceremony Oct. 30 to open its facility in New Britain, Conn., alongside Mayor Erin Stewart.

The McKinsey Global Institute released new research this week that outlines opportunities to boost manufacturing by up to $530 billion, or 20 percent, over current trends by 2025—and create more than 2 million jobs. The report also provides fresh details on why the US manufacturing sector has suffered steep declines.

Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 101st consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The October PMI registered 58.7 percent, a decrease of 2.1 percentage points from the September reading of 60.8 percent. This indicates growth in manufacturing for the 14th consecutive month and continues expansion consistent with pre-hurricane levels.

Economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 100th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The September PMI was 60.8 percent, an increase of 2 percentage points from the August reading of 58.8 percent. This indicates growth in manufacturing for the 13th consecutive month and is the highest reading since May 2004, when the index registered 61.4 percent.

Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 99th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. At 58.8 percent, the August PMI showed an increase of 2.5 percentage points from the July reading of 56.3 percent.