News & Insights
Fifth District Manufacturing Slows, but Future Outlook Improves
Manufacturing activity in the Fifth District rose at a slower pace in June after moving up in May, with the composite manufacturing index decreasing from 13 to 4. At the same time, local business conditions turned negative, moving down from 5 to −3 in June. Despite a weakening of current business conditions, manufacturers are more …
Manufacturing PMI Reaches 49-Month High, but Factory Hiring Drops
The S&P Global Flash U.S. Manufacturing PMI rose for the 11th consecutive month from 55.1 to 55.7 in June, a 49-month high. Factory production improved at its fastest rate since July 2021, while new orders growth saw the largest rise since April 2022. Meanwhile, manufacturing employment saw its largest decline since May 2020 amid concerns …
Tenth District Factory Activity Gains Ground
Manufacturing activity grew at a faster pace in the Tenth District in June, with the month-over-month composite index rising to 11 in June from 8 in May. Meanwhile, expectations for future activity were unchanged at 19. The month-over-month activity growth was due to gains in both durable and nondurable manufacturing. At the same time, all …
Why Manufacturers Need the Ex-Im Bank
op-ed for South Carolina’s Post and Courier. What’s going on: “Manufacturing is a critical component of South Carolina’s economy,” Smith wrote. “Over the past few decades, our state has transformed into a vibrant global aerospace hub, attracting tier-one original equipment manufacturers and fostering a thriving network of suppliers.” The Palmetto State’s manufacturing sector, in turn, …
NAM Releases Critical Minerals Policy Agenda
Unearthing Mineral Solutions: A Comprehensive Critical Minerals Agenda for Manufacturers in America,” the NAM sounds the alarm about America’s dangerous reliance on foreign sources. “The U.S. is 100% import reliant for 13 critical mineral commodities included on the 2025 U.S. Geological Survey List of Critical Minerals—and more than 50% import reliant for an additional 20,” …
