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Top related persons:
Timothy Fiore - 1 payrolls - 1 Andrew Hunter - 1 Jonathan Millar - 1 José Torres - 1 Lucia Mutikani - 1 Chizu Nomiyama - 1 Andrea Ricci - 1
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homebuilding WASHINGTON U.S New York Miami
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Institute for Supply Management - 1 Manufacturing Business Survey - 1 Federal Reserve - 1 Capital Economics - 1 PMI - 1 Treasury - 1 Barclays - 1 Manufacturers - 1

Search resuls for: "Timothy Fiore"


5 mentions found


☆ US manufacturing slump deepens, factory gate price pressures subdued
  + stars: | 2023-07-03 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +6 min
Shrinking activity left factories resorting to layoffs, the survey from the Institute for Supply Management (ISM) showed on Monday. ISM Manufacturing Business Survey Committee Chair Timothy Fiore described the practise as happening "to a greater extent than in prior months." At face value, the ISM survey is consistent with an economy that is in recession. The ISM survey showed that transportation equipment was the only one of the six biggest industries reporting growth last month. ISM manufacturing PMIWEAK DEMANDThe ISM survey's forward-looking new orders sub-index climbed to a still-subdued 45.6 from 42.6 in May amid increased caution from businesses and consumers alike.
Persons: Timothy Fiore, payrolls, Andrew Hunter, Jonathan Millar, José Torres, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Institute for Supply Management, Manufacturing Business Survey, Federal Reserve, Capital Economics, PMI, Reuters, Treasury, Barclays, Manufacturers, Machinery, Commerce Department, Interactive Brokers, Thomson Locations: homebuilding WASHINGTON, U.S, New York, Miami
☆ US manufacturing contacts again in April but pulls off 3-year low
  + stars: | 2023-05-01 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +5 min
The ISM said its manufacturing PMI increased to 47.1 last month from 46.3 in March, which was the lowest reading since May 2020. It was the sixth straight month that the PMI remained below the 50 threshold, which indicates contraction in manufacturing. The proportion of manufacturing GDP with a composite PMI calculation at or below 45 percent - a good barometer of overall manufacturing weakness - was 12 percent in April, compared to 25 percent in March, said Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee. Only two of the six biggest manufacturing industries, petroleum and coal products as well as transportation equipment, reported growth last month. The ISM survey's forward-looking new orders sub-index rose to 45.7 last month from 44.3 in March.
☆ US manufacturing contracts again in April, but pace slows
  + stars: | 2023-05-01 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +6 min
The ISM said its manufacturing PMI increased to 47.1 last month from 46.3 in March, which was the lowest reading since May 2020. The ISM said 73% of manufacturing gross domestic product was contracting, up from 70% in March. "The proportion of manufacturing GDP with a composite PMI calculation at or below 45 percent - a good barometer of overall manufacturing weakness - was 12 percent in April, compared to 25 percent in March," said Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee. Only two of the six biggest manufacturing industries, petroleum and coal products as well as transportation equipment, reported growth. Higher prices align with government data showing wages and salaries in the manufacturing industry growing solidly in the first quarter.
☆ US manufacturing sector still shrinking; raw material prices rebound
  + stars: | 2023-03-01 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +6 min
Nevertheless, the rebound in prices at the factory gate suggests inflation could remain elevated for a while after monthly consumer and producer prices surged in January. The ISM's manufacturing PMI edged up to 47.7 last month from 47.4 in January. Paper products, textile mills, furniture and related products as well as nonmetallic mineral products, computer and electronic products were among the 14 reporting contraction. Comments from some manufacturers in the ISM survey were supportive of this thesis. Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee, said "new order rates remain sluggish due to buyer and supplier disagreements regarding price levels and delivery lead times."
☆ Covid broke supply chains. Now on the mend, can they withstand another shock?
  + stars: | 2023-01-16 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +8 min
“Because of that, supply chains are not as brittle as they were three years ago,” he said. “There could be another huge black swan event in a month that throws everything upside down; but for right now, it seems like respondents are predicting steadiness in the supply chain.”If anything, the pandemic’s shock to the supply chain should be a wake-up call, said Jack Buffington, director of supply chain and sustainability at First Key Consulting and assistant professor of supply chain management at the University of Denver. “I would categorize it as ‘efficiently broken,’” said Buffington, whose own book about supply chains, “Reinventing the Supply Chain: A 21st Century Covenant with America,” had its release delayed due to supply chain issues. “All supply chains really are is supply and demand, and there’s been so much disruption in materials and consumer demand related to labor and inflation and geopolitics,” he said. The complexities related to a globalized supply chain, human systems aren’t capable of handling it.”He added: “Covid wasn’t the cause of the problems with the supply chain, it was a trigger to show how bad it was,” he said.
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