Manufacturing’s PMI Momentum Slows in February

automotive deburring

The Manufacturing Purchasers Managers’ Index (PMI) for the month of February indicates a decrease in optimism for the manufacturing and service sectors. A PMI produced by surveying the purchasing executives of about 300 companies. The objective of the PMI is to indicate the growth of the industry by gauging the activity of production managers in the market. The market indicator is based on a reading in which 50 indicates no change, below 50 indicates a loss for the month, and above 50 represents expansion compared to the previous month.

This month’s PMI stood at 54.3. That’s a drop from last month’s 55.

(source: http://marketrealist.com/2017/02/february-flash-manufacturing-pmi-indicate-united-states/ )

feb 17 pmi

The expectation for February was that the PMI would follow the steady increase of the gauge that had continued since November. February’s PMI was predicted to rise to 55.3 but fell short of expectations.

Production rates grew slower this month than last month while new order growth and output showed a minimal increase. Domestic demand is critical towards showing improvement in the PMI analysis, and some investors may be starting to demonstrate concern about overall economic growth.

The PMI is important to not only investors but to the manufacturing industry’s decisions. Production decisions are made using this gauge, new order purchase decisions and the purchase of raw materials required for the process. Suppliers also invest in PMI analysis to set prices and predict demand for its products. The decrease of new orders indicated in this month’s

PMI may mean that manufacturers may have to lower prices and demand lower cost for parts purchasing.

All in all, this month’s PMI did demonstrate an increase in payroll figures, and the economy overall has shown a 2.5% increase. For now, there’s nothing to cause extreme worry and this month could be an indicator of preparation from manufacturers in the United States for the upcoming months. After the recent continual increase, there is a bit of blow back this month with the loss of momentum.  We are still resting on an overall general increase in the PMI. However, it’s clear from these results that the industry is responding to the ever-changing climate of the market.

This article brought to you by The Cleveland Deburring Machine Company. CDMC can provide a deburring solution for gears, sprockets, aerospace and defense, automotive deburring, power transmission, powdered metals, fluid power and custom deburring applications. Our no-charge application evaluation includes a detailed report and process description in as little as 3 to 5 business days. Contact CDMC today for a deburring machine that’s right for you.

Continue reading »

An Upbeat Message Given During the State of Manufacturing Tour

state of manufacturing

Recently, throughout the United States, there has been a lot of talk about the importance of manufacturing in the American economy. The manufacturing industry provides quality products and jobs to millions of workers with families as well as a firm foundation for our economic prosperity and growth. This same message is being delivered by the State of Manufacturing tour this year. It started February 23rd in Austin, Texas, continues today in Pittsburgh, and will end tomorrow in Madison, Wisconsin. Its goal is to motivate a real change in the way we view manufacturing, from new and upcoming workers to the laborers that have been in the industry for years looking to adapt towards the modernization process. To do this, the State of Manufacturing tour kicked off this year with its new slogan “Be the Solution.”

The tour went through many of the country’s industrial hubs in Texas, New York, Michigan, and Ohio. One such visit included Covestro’s and G.E.’s facilities in Pittsburgh. The tour started in Red Rock, Texas where Jay Timmons, CEO and President of the National Association of Manufacturers (N.A.M.) spoke of the “story of modern manufacturing.” Its narrative is extensive and ingrained within the millions of people involved in the manufacturing economy of the United States.  These individuals and their families, their towns, their regions rely on the strength of manufacturing to provide them with jobs and stimulate their local economies.

Mr. Timmons and N.A.M. are sending the message that the revitalization of the manufacturing economy is coming and we as manufacturers must be prepared to be part of the solution. And though there is a lot to navigate in the uncharted terrain of modern manufacturing, there are companies in the United States that are easing this transition for workers. Upscaling jobs as technological development increases, upskilling jobs as the need to increment workers’ abilities rises, and preparing those jobs for full-proof stability in the future for workers: this is the message of N.A.M. for today’s companies. And corporations are following suit, changing policies and prioritizing the innovation of American manufacturing to prepare it for the future.

N.A.M. coordinates with business leaders to help advance current policy-making decisions in D.C. and to communicate and facilitate these necessary steps towards the future of American manufacturing. The State of Manufacturing Tour this year has been a great motivation for American workers and companies to be involved in this process, providing a solid base for the men and women of modern American manufacturing.

This article brought to you by The Cleveland Deburring Machine Company. CDMC can provide a deburring solution for gears, sprockets, aerospace and defense, automotive deburring, power transmission, powdered metals, fluid power and custom deburring applications. Our no-charge application evaluation includes a detailed report and process description in as little as 3 to 5 business days. Contact CDMC today for a deburring machine that’s right for you.

Continue reading »

The Daytona 500 Was a Wild Ride This Year

daytona 500

This year’s Daytona 500 was a wild ride that resulted in a scrapefest with two impressive pileups during the race (one with 17 cars worth of havoc and the other with 11). The winning car was a testament to the damage ensued during the whole race. Kurt Busch led the Monster-sponsored number 41 car through the finish line for the first Great American Race win in his career. After 17 attempts and rebuilding his career from a professional slump for the past two years, Busch redeems himself with the big win finishing .228 seconds ahead of second-place Ryan Blanely.

The race was certainly a crazy one this year that unfortunately led to a lot of disappointment for hopefuls trying to attain the trophy. Following in his father’s footsteps, Chase Elliott walked off the track and ignored media after running out of gas on the white-flag lap and coming in 14th place. Other drivers, Kyle Larson, Martin Treux Jr. and Paul Menard, also disappointingly ran out of fuel at the end of the race adding to the disorder of an already tumultuous race.

Retired driver and now part-owner Tony Stewart watched and rooted for Busch from the benches while commenting on the irony of the situation. Stewart mentioned that he should have retired 17 years ago, if he knew it would have won him the race. Stewart, a long-time idol of the sport, never did win his Daytona 500, but as an owner, he and his team finally crossed the finish line.

Busch was excited for his win and for his team. Even in a car with rubbed off decals and a missing rear-view mirror on the final green-flag run, he took home the checkered flag and won his first Daytona.

To the dismay of many fans, his achievement has gained little recognition in the media for a sport that has consistently been decreasing in popularity over the past decade. And though the win brought great publicity for Busch’s sponsor, Monster, there is skepticism that Monster may soon drop out of NASCAR altogether and focus on other sponsorship’s in alternative sports. With their primary demographic being millennials, it appears Monster may not have a long-term interest in NASCAR with its older public.

Races like these are meant to instill a sense of excitement and entertainment for the sport, but things don’t seem to be changing anytime soon in the NASCAR scene. All in all, the Daytona this year was a pure spectacle of disarray and fun for the hardcore fans that watched it.

This article brought to you by The Cleveland Deburring Machine Company. CDMC can provide a deburring solution for gears, sprockets, aerospace and defense, automotive deburring, power transmission, powdered metals, fluid power and custom deburring applications. Our no-charge application evaluation includes a detailed report and process description in as little as 3 to 5 business days. Contact CDMC today for a deburring machine that’s right for you.

Continue reading »