IQMS Blog for Manufacturing ERP Expertise

Washington D.C. Week in Manufacturing – October 7, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Oct 07, 2015 @ 08:32 AM

Personal Spending Sees Another Modest Increase in August
Personal income and spending increased by 0.4 percent in  August, mirroring the gain seen in July, according to the Bureau of Economic Analysis. Both durable and nondurable goods were higher for the month (up 1.2 percent and 0.6 percent, respectively), with motor vehicles and parts helping to buoy the durable goods purchasing numbers. Personal income also grew in August, but at its lowest increase in five months (0.3 percent). In general, the data suggests that Americans are increasing spending modestly, but at a slower rate of purchasing than seen in late 2014. To learn more, visit
here.

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Washington D.C. Week in Manufacturing – September 30, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Sep 30, 2015 @ 08:16 AM

China’s Economy Continues to Slow
The Chinese manufacturing sector continues to struggle, with the Caixin Flash General Manufacturing PMI data contracting for the seventh straight consecutive month, from 47.3 in August to 47.0 in September. With a PMI at its lowest level since March 2009, the Bank of China has devalued the yuan, down 2.8 percent since early August. Additionally, the Shanghai Composite Stock Market Index has plummeted nearly 40 percent since June 12, promoting growth worries in financial markets around the world. To learn more, visit
here.

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Washington D.C. Week in Manufacturing – September 23, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Sep 23, 2015 @ 09:30 AM

Federal Reserve Does Not Raise Rates at September Meeting
At their September meeting, the Federal Open Market Committee (FOMC) announced that they would not raise interest rates at this time, citing the need for more time to evaluate incoming data in order to ensure sufficient progress. All eyes now turn to the December meeting as the most likely option for a short-term interest rate increase. It is being speculated that the Federal Reserve will implement three increases spread out over even intervals throughout 2016 in amounts that will equal a full percentage point by the end of next year. To learn more, visit
here.

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Washington D.C. Week in Manufacturing – September 16, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Sep 16, 2015 @ 09:43 AM

Manufacturing Drops 17,000 Workers in August
In the first decline in just over two years, manufacturers lost 17,000 net workers in August, according to the Bureau of Labor Statistics. With a hiring average of only 3,5000 workers per month in 2015 (compared to the average of 20,667 workers in the second half of 2014), it is clear that challenges in the manufacturing sector continue to hold down hiring rates. The strong U.S. dollar, economic problems from global markets such as China and seasonal factors could all partially explain the lower manufacturing hiring rates for August. To learn more, visit
here.

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Washington D.C. Week in Manufacturing – September 2, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Sep 02, 2015 @ 08:33 AM

Consumer Confidence Rebounds in August
The Consumer Confidence Index jumped strongly in August, rebounding from a sharp decline in July, according to the Conference Board. Now at its second-highest level since August 2007, consumer sentiment hit 101.5 in August, rising up from a surprising fall to 91.0 in July and surpassing 99.8 reported in June.  The improvement in this report stemmed largely from the public’s better assessment of the labor market and hopefully these strong gains in consumer confidence will translate into increased spending down the line. To learn more, visit
here.

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Washington D.C. Week in Manufacturing – August 26, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Aug 26, 2015 @ 08:36 AM

New York Manufacturing Activity Contracts at Steepest Rate Since 2009
The composite index of general business conditions from the New York Federal Reserve Bank declined sharply in August (from 3.9 in July to -14.9 in August), the lowest level since the Great Recession. From a more long-term standpoint, the Empire State Manufacturing Survey’s headline figure has bounced around a lot over the past five months, suggesting softness in the current economic environment due to reduced demand and shipments, but a cautiously upbeat outlook moving forward. To learn more, visit
here.

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Washington D.C. Week in Manufacturing – August 19, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Aug 19, 2015 @ 09:26 AM

15,000 Manufacturing Workers Added in July
At the fastest pace since January, manufacturers added 15,000 net new workers in July, according to the Bureau of Labor Statistics. This encouraging figure is closer to the monthly average of last year, when manufacturing activity was more robust. Overall, total manufacturing employment rose to 12.35 million and average weekly earnings increased from $1,018.65 in June to $1,025.23 in July. The Federal Reserve will likely look at this report favorably, and while it may acknowledge that hiring strength needs to be stronger (especially in the manufacturing sector), they likely could begin to raise short-term interest rates in September. To learn more, visit
here.

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Washington D.C. Week in Manufacturing – August 5, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Aug 05, 2015 @ 09:35 AM

U.S. Manufacturing Expands at Slower Pace than Expected in July
The Institute for Supply Management’s manufacturing purchasing managers index (PMI) fell from 53.5 in June to 52.7  in July. While a reading above 50 indicates that the manufacturing industry is generally expanding, this drop over the past month indicates tepid growth at best in the sector. The employment index also decreased in July, from 55.5 in June to 52.7. On a positive note, the new orders index increased to 56.5 last month, up slightly from 56 in June. To learn more, visit
here.

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Washington D.C. Week in Manufacturing – July 29, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Jul 29, 2015 @ 08:29 AM

Kansas City Fed Reports Another Month of Declining Manufacturing Activity
The manufacturing activity composite index declined -7 in July, according to the Kansas City Federal Reserve Bank. July marks the fifth straight month of decline for that sector, albeit at a slower pace than in either May (-13) or June (-9). Several measures of activity were negative, including new orders (down from -3 to -6), production (up from -21 to -5), shipments (up from -15 to -2) and exports (down from -5 to -10). On a positive note, the index for expected new orders rose from 9 to 13, the highest level in three months, leading to predictions of growth moving forward. To learn more, visit
here.

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Washington D.C. Week in Manufacturing – July 22, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Jul 22, 2015 @ 08:41 AM

Housing Starts and Permits Rise Sharply in June
Thanks to strong multi-family gains, both new housing starts and permits rose sharply in June, according to the Census Bureau and the U.S. Department of Housing and Urban Development. With an increase from 1,069,000 units in May to 1,174,000 in June, the data is stronger than the consensus estimate of roughly 1.1 million starts for the month and an encouraging sign that the market has gained some momentum. House permits were also up significantly in June, from 1,250,000 in May to 1,343,000, foreshadowing healthy gains in the months ahead. To learn more, visit
here.

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