US growth slows – ISM

News Story
- 5 May 2022 ( #1075 ) - Tempe, AZ, United States
1 min read
Industrial growth is slowing. PHOTO: ALEKSANDRA LITTLEWOLF
Industrial growth is slowing. PHOTO: ALEKSANDRA LITTLEWOLF

The latest ISM Report On Business shows that economic activity in the US manufacturing sector grew in April, but growth in many aspects is slowing.

Institute for Supply Management chairman Timothy R. Fiore notes that the US manufacturing sector remains in a demand-driven, supply chain-constrained environment. In April, progress slowed in solving labour shortage problems at all tiers of the supply chain. Survey respondents reported higher rates of resignations compared to previous months, with fewer reporting improvement in meeting head-count targets. 

April saw a slight easing of prices expansion, but instability in global energy markets continues. 

Surcharge increase activity across all industry sectors continues. 

The survey found strong optimism regarding demand, although the three positive growth comments for every cautious comment was down from March's ratio of six-to-one.

Supply chain and pricing issues remain the biggest concerns. 

Five of the six biggest manufacturing industries — machinery; computer and electronic products; food, beverage and tobacco products; transportation equipment; and chemical products — registered moderate-to-strong growth in April.

"Manufacturing performed well for the 23rd straight month, with demand registering slower month-over-month growth (likely due to extended lead times and decades-high material price increases) and consumption softening (due to labour force constraints). Overseas partners are experiencing COVID-19 impacts, creating a near-term headwind for the US manufacturing community,” he adds.

 

What’s the best way to reduce accident and theft rates for materials handling equipment and industrial vehicles? Elatec Inc's RFID Systems can assist.
If AI can make sense of what’s happening in the world around it then drivers and staff can feel safer and more focused on the tasks at hand.

In the Discussion Forums

Movers & Shakers

policy director
Logistics UK, United Kingdom
vice president
Carolina Handling, United States
national accounts manager
Hyundai Material Handling North America, United States
district sales manager
Hyundai Material Handling North America, United States
BSLBATT Battery is one of the largest lithium-ion forklift battery suppliers in China, and recently completed a delivery of over 200 Lithium Batteries to customers of a large industrial battery distributor.
Asia Warehousing Show (AWS) the exhibition & conference on warehousing, material handling & supply chain industry in ASEAN is back and in-person from 25th to 27th July at BITEC.

Movers & Shakers

policy director
Logistics UK, United Kingdom
vice president
Carolina Handling, United States
national accounts manager
Hyundai Material Handling North America, United States
district sales manager
Hyundai Material Handling North America, United States
On 23 June 2022, companies representing the UK’s Logistics and Transport industry came together at Newark Showground, to participate in The Big Logistics Diversity Challenge.
Asia Warehousing Show (AWS) the exhibition & conference on warehousing, material handling & supply chain industry in ASEAN is back and in-person from 25th to 27th July at BITEC.

In the Discussion Forums

Latest Jobs

East Peoria, IL, United States
Bossier City, Louisiana, United States
Multiple locations - CA and NV, United States
Florida, United States