​
Technology & Manufacturing Association
  • About
    • Overview
    • Staff
    • Board of Directors
    • Values
    • Contact Us
  • Membership
    • Why TMA?
    • Our Members
    • Join the Community
    • Member Directory
    • Partners
  • Benefits
    • Community >
      • Online Communities >
        • Business Connect
    • Information >
      • TMA News
    • Training >
      • Class Calendar
    • Resources >
      • Insurance Services
    • Advocacy
  • Contact Us
  • Member Login
  • About
    • Overview
    • Staff
    • Board of Directors
    • Values
    • Contact Us
  • Membership
    • Why TMA?
    • Our Members
    • Join the Community
    • Member Directory
    • Partners
  • Benefits
    • Community >
      • Online Communities >
        • Business Connect
    • Information >
      • TMA News
    • Training >
      • Class Calendar
    • Resources >
      • Insurance Services
    • Advocacy
  • Contact Us
  • Member Login

Manufacturing Industry News

Manufacturing grows in May, despite continuing supply chain challenges

6/1/2021

0 Comments

 
Picture


According to the latest data from the Institute for Supply Management, expansion in manufacturing is still on the rise despite record-long lead times and wide-scale shortages of critical basic materials. The manufacturing sector as a whole has consistently grown each month since April 2020, a full year of expansion.

The ISM Purchasing Manager’s Index rose half a percentage point to 61.2% in May, growing at a faster rate last month than in April. The production index fell four points to 58.5%, indicating continued growth at a slower rate: like the main index, production has grown consistently since April of last year.


“Record-long lead times, wide-scale shortages of critical basic materials, rising commodities prices and difficulties in transporting products are continuing to affect all segments of the manufacturing economy,” said Timothy Fiore, who chairs the ISM’s Manufacturing Business Survey Committee. At the same time, he said, optimism among survey respondents increased compared to April.

More at INDUSTRY WEEK 


0 Comments



Leave a Reply.

    Author

    Manufacturing industry news is provided by the Technology & Manufacturing Association in Schaumburg, IL                                                                                                                          

    Archives

    March 2023
    January 2023
    December 2022
    November 2022
    October 2022
    June 2022
    February 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    January 2021
    July 2020

    Categories

    All

    RSS Feed

Picture
THE TECHNOLOGY AND
MANUFACTURING
ASSOCIATION


1651 Wilkening Road
Schaumburg, Illinois 60173
Phone: 847-849-5334
​ info@tmaillinois.org
COMMUNITY
​Meetings & Events
Member Directory
TMA Collaborate
TMA Business Connect
Boards, Committees, Groups
MFG. Coalition Network


INFORMATION
​Knowledge Center
Data & Reports
News Magazine
Business Surveys & Polls
Industry News
Digital Intelligence


TRAINING
​On-Site Training
TMA Online University
Workforce Development
Career Pathways
Certifications, Accreditations
Education Foundation

RESOURCES
​Insurance Services
Shipping & Transportation
Industrial Supplies
HR | Payroll | Work Comp.
401k Retirement Trust
Sales & Marketing

ADVOCACY
Government Relations
Lobbying
Political Action Committee
Scorecards & Policy Reports
Public & Media Relations
Member & Industry Promotion

ABOUT TMA
​​Overview
Staff

MEMBERSHIP
​Why TMA?
​Join

CONTACT US
We Want to Hear From You

​