News & Insights
Flash PMI Sets a New Cycle High as Supply Disruptions Drive Costs Higher
The S&P Global Flash U.S. Manufacturing PMI rose for the 10th consecutive month from 54.5 to 55.3 in May, a 48-month high. Factory production improved at its fastest rate since April 2022, while new orders growth slowed but marked its second-fastest pace of growth over the past four years. Meanwhile, export orders continue to decline …
Philly Manufacturing Activity Contracts, but Outlook Improves
In May, Philadelphia’s regional manufacturing activity contracted slightly after four consecutive months of growth, with the index for general business activity falling from 26.7 to -0.4. This month, 22.9% of firms noted decreases in activity, while 22.5% reported increases. New orders declined, moving from 33.0 to -1.7, while shipments grew at a slower pace, dropping …
Tenth District Manufacturing Cools as Backlogs Build and Employment Turns Negative
Manufacturing activity grew at a slightly slower pace in the Tenth District in May, with the month-over-month composite index decreasing to 8 in May from 10 in April. Meanwhile, expectations for future activity ticked up 1 point to 19. The month-over-month activity slowdown was due to a decline in growth of durable manufacturing, which offset …
Manufacturers: BUILD America 250 Act a Down Payment on Nation’s Future Growth
Washington, D.C. – Following the successful vote in the House Transportation and Infrastructure Committee to advance the bipartisan BUILD America 250 Act, National Association of Manufacturers Executive Vice President Erin Streeter released the following statement: “Chairman Graves, Ranking Member Larsen and the full T&I Committee have offered a down payment on America’s future growth with …
Tax Q&A with Rep. Kevin Hern (R-OK)
Question 1: Rep. Hern, H.R. 1 made permanent the international tax framework established by the Tax Cuts and Jobs Act—including the GILTI, FDII and BEAT regimes—with targeted adjustments to each. These changes were important for manufacturers with global operations, supporting their ability to compete permanently. As the leader of the Global Competitiveness Tax Team, what …
