15-Month Low for US Manufacturing PMI in December

Engineering.com | January 03, 2019

15-Month Low for US Manufacturing PMI in December
The end of 2018 saw a slower, but still solid, improvement in the health of the U.S. manufacturing sector according to the latest report from IHS Markit. The headline PMI dipped to a 15-month low amid a weaker rise in new business and the joint-softest expansion in output since September 2017.
At the same time, the pace of job creation eased to an 18-month low, despite a further rise in backlogs. Notably, business confidence among manufacturers fell again in December, with the degree of optimism dipping to the lowest since October 2016. Meanwhile, inflationary pressures eased at the end of 2018.
“Some of the weakness is due to capacity constraints, with producers again reporting widespread difficulties in finding suitable staff and sourcing sufficient quantities of inputs,” commented Chris Williamson, Chief Business Economist at HIS Markit. “However, the survey also revealed signs of slower demand growth from customers, as well as rising concerns over the impact of tariffs.

Spotlight

Revolutions, it’s said, share a common characteristic. Seemingly impossible at the beginning, they appear inevitable after the event. So too with Industry 4.0, dubbed the fourth industrial revolution. To a manufacturer viewing the world through the lens of a decade or so back, the transformation heralded by Industry 4.0 appears fantastical. Almost at a stroke, the logic underpinning many traditional business models, manufacturing paradigms, and management methodologies has become obsolete.

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Spotlight

Revolutions, it’s said, share a common characteristic. Seemingly impossible at the beginning, they appear inevitable after the event. So too with Industry 4.0, dubbed the fourth industrial revolution. To a manufacturer viewing the world through the lens of a decade or so back, the transformation heralded by Industry 4.0 appears fantastical. Almost at a stroke, the logic underpinning many traditional business models, manufacturing paradigms, and management methodologies has become obsolete.