#METALMARKETUPDATE – JUNE ’23
The ISM Manufacturing Index (PMI) fell to 46.9 in May 2023 from 47.1 in April. The reading indicated a seventh consecutive month of contraction in the manufacturing sector, as companies…
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#METALMARKETUPDATE – MAY ’23
The ISM Manufacturing Index (PMI) increased to 47.1 in April 2023. This is a welcomed change as it rose from its three-year low of 46.3 seen in March. These figures still suggest economic activity…
#METALMARKETUPDATE – MAY ’23
The ISM Manufacturing Index (PMI) increased to 47.1 in April 2023. This is a welcomed change as it rose from its three-year low of 46.3 seen in March. These figures…
#METALMARKETUPDATE – MARCH ’23
The ISM Manufacturing Index (PMI) reached 47.7 in February, slightly higher than we saw in January at 47.4 but it fell short of the projected 48. This is the fourth…
#METALMARKETUPDATE – July ’22
The June ISM Manufacturing Index (PMI) decreased 3 percentage points, posting a 53 mark compared to May’s 56.1. This is the lowest reading since June 2020. Survey respondents noted that supply chain…
#METALMARKETUPDATE – August ’21
Slipping just a bit in July, the ISM Manufacturing Index (PMI) came in at the 59.5 mark, compared to June’s 60.6. Manufacturers continue to struggle with broad-based shortages of materials and…
