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Manufacturing growth slows in April: ISM

Manufacturing growth slows in April: ISM Niv Elis © Getty Images Manufacturing growth slows in April: ISM Manufacturing growth in April slowed unexpectedly, but remained positive in April, according to the Institute for Supply Management s Manufacturing Purchasing Managers Index, an industry standard metric of the sector s health. The index came in at 60.7 percent, down from the 64.7 level in March and the 65 percent expected by economists. Readings above 50 indicate growth in the sector. Survey Committee Members reported that their companies and suppliers continue to struggle to meet increasing rates of demand due to coronavirus (COVID-19) impacts limiting availability of parts and materials, said Timothy R. Fiore, the chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee.

David bersonTimothyr fioreInstitute for supply management manufacturingCommittee membersManufacturing business survey committeeGetty images manufacturingSupply managementBusiness surveyChief economist david bersonநிறுவனம் க்கு விநியோகி மேலாண்மை உற்பத்திகுழு உறுப்பினர்கள்உற்பத்தி வணிக கணக்கெடுப்பு குழுகெட்டி படங்கள் உற்பத்திவிநியோகி மேலாண்மைவணிக கணக்கெடுப்பு

Manufacturing index grows to highest post-pandemic level

© Getty Images The Institute for Supply Management s Manufacturing PMI, a central measure of the health of the manufacturing industry, rose to 60.8 percent in February, its highest level since the pandemic took hold last year. The index was 2.1 points higher than January, and represents the ninth consecutive month of growth after shrinking in March, April and May. Any reading over 50 percent indicates growth. ADVERTISEMENT “The manufacturing economy continued its recovery in February, said Timothy R. Fiore, who chairs the ISM Manufacturing Business Survey Committee. But challenges remain. Issues with absenteeism, short-term shutdowns to sanitize facilities, and difficulties in hiring workers remain challenges and continue to cause strains that limit manufacturing-growth potential, Fiore said.

Ben ayersTimothyr fioreInstitute for supply management manufacturingManufacturing business survey committeeSupply managementBusiness surveyCorona virusCovid 19பென் அயர்ஸ்நிறுவனம் க்கு விநியோகி மேலாண்மை உற்பத்திஉற்பத்தி வணிக கணக்கெடுப்பு குழுவிநியோகி மேலாண்மைவணிக கணக்கெடுப்புகொரோனா வைரஸ்

Manufacturing index grows to highest post-pandemic level

Manufacturing index grows to highest post-pandemic level
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Ben ayersTimothyr fioreInstitute for supply management manufacturingManufacturing business survey committeeGetty images manufacturingSupply managementBusiness surveyபென் அயர்ஸ்நிறுவனம் க்கு விநியோகி மேலாண்மை உற்பத்திஉற்பத்தி வணிக கணக்கெடுப்பு குழுகெட்டி படங்கள் உற்பத்திவிநியோகி மேலாண்மைவணிக கணக்கெடுப்பு

Oil Futures Set to Cross $50 a Barrel

West Texas Intermediate Crude Oil Up to $49.93 a Barrel on Tuesday That was the highest price since February. Remember when oil futures contracts briefly went negative in April? Well they have had quite a rebound since, and are about to settle above $50 a barrel. The latest rise came after the oil cartel OPEC reached an agreement with Russia and other large producers to keep production steady until March. Saudi Arabia will also cut supply. Like all commodities, the price of oil is set by the intersection of supply and demand. The demand side of the equation remains well below where it was a year ago, because of the ongoing Covid-19 pandemic and associated lockdowns across the globe. That has depressed travel and other uses of oil.

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Costco, Walgreens Boots Alliance, Constellation Brands, and Other Stocks for Investors to Watch This Week

Costco Wholesale also reports its December 2020 sales and revenue on Wednesday. And on Monday, shareholders of Peugeot vote on the automakers’ proposed merger of equals. Economic data releases this week include December U.S. job numbers on Friday. The Bureau of Labor Statistics is expected to show an increase of 125,000 nonfarm payrolls, and an unemployment rate of 6.8%, which would be up from 6.7% in November. Also out this week is the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for December on Tuesday, followed by its Services equivalent on Thursday. On Wednesday, the Federal Open Market Committee releases minutes from its latest meeting in mid-December.

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