materials, rising commodities prices and difficulties in transporting Announcements & basic Releases Continued Manufacturing PMI® at 61.2%
products are continuing to affect all segments of the manufacturing from outside North America to North America. Reshoring includes materials and services to the industry. economy. Worker absenteeism, short-term shutdowns due to part “The May Manufacturing PMI® registered 61.2 percent, an increase of work that is produced either in-house or outsourced. A complete shortages, and difficulties in filling open positions continue to be issues 0.5 percentage point from the April reading of 60.7 percent.This figure definition of “reshoring” is available Applications be limit manufacturing-growth The Association For Manufacturing Technology potential. Optimistic panel sentiment indicates expansion in the overall economy forhere. the 12th month in a must that submitted by June 30. To view award details and enter to win, visit (AMT) represents U.S. builders and distributors row after contraction in April 2020.The New Orders Index registered increased, with 36 positive comments for every cautious comment, this webpage. ofanmanufacturing technology – the advanced 67 percent, increasing 2.7 percentage points from the April reading of compared to 11-to-1 ratio in April. Demand expanded, with the (1) machinery, devices and digital equipment that 64.3 percent.The Production Index registered 58.5 percent, a decrease New Orders Index growing at a strong level, supported by the New Export “From 2010 to 2020, more than one million jobs were announced U.S. manufacturing relies on to be productive, of 4 percentage points compared to the April reading of 62.5 percent. Orders Index continuing to expand, (2) Customers’ Inventories Index as coming to the United States from offshore. This is a tremendous innovative, and competitive. The Backlog of Orders Index registered 70.6 percent, 2.4 percentage hitting another all-time low and (3) Backlog of Orders Index continuing achievement, and we seek to motivate and honor the companies points higher compared to the April reading of 68.2 percent. The at a record-high level. Consumption (measured by the Production and that have made reality,” said Moser, founder and NTMA is the voice for the precision manufacturing Employment Indexreshoring registered a50.9 percent; 4.2Harry percentage points Employment indexes) slowing expansion, posting president of April the Reshoring Initiative. and toolindicated and die industries in thea combined United lower than the reading of 55.1 percent. The Supplier Deliveries 8.2-percentage point decrease to the Manufacturing PMI® calculation. States. Backed by nearly 1,300 member Index registered 78.8 percent, up 3.8 percentage points from the April Questions about The theInventories NationalIndex Metalworking Reshoring The Employment Index expanded for themore sixth straight month, but companies, representing than $30 billion figure of 75 percent. registered 50.8 percent, Award can be directed to Harry Moser at 847-867-1144 or harry.moser@ panelists continue to note significant difficulties in attracting and retaining in sales, NTMA provides an array of benefits to 4.3 percentage points higher than the April reading of 46.5 percent. reshorenow.org. For more efforts on reshoring labor at theirmembers companies’ and facilities.including Consumptionadvocacy was clearly andsuppliers’ the industry The Prices Index registered 88 information percent, downon 1.6AMT’s percentage points and supply chain efforts, visit IMTS.com/supplychain. limited due to labor issues and supply constraints as demand remains very compared to the April reading of 89.6 percent. The New Export in Washington, training and education programs high. Inputsand — expressed as supplier deliveries, inventories, and imports Orders Index registered 55.4 percent, an increase of 0.5 percentage networking events nationwide. The Reshoring Initiative, founded in early 2010, helps manufacturers point compared to the April reading of 54.9 percent.The Imports Index — continued to support input-driven constraints to production expansion, realize that local production, in some cases, reduces their total cost registered 54 percent, a 1.8-percentage point increase from the April at higher rates compared to April, due toOf continued trouble in supplier The Benefits Working With of ownership of purchased parts and tooling. The Initiative also trains reading of 52.2 percent.” deliveries. Inputs positively contributed to the PMI® calculation, suppliers how to sell against lower-priced offshore competitors. P4Swiss / Lindel CNC Machiningby a combined 8.1 percentage points. Importation of items slightly improved Fiore continues, “The manufacturing economy continued expansion (The Inventories Supplier Deliveries indexes directly PMA, an inaugural sponsor of the National Reshoring Award,in isthe period. Founded in 1987,and Lindel Precision CNC Machining in May. Business trade Surveyassociation Committee representing panelists reported theirAmerican factor into merged the PMI®;with the Precision Imports Index does not.) The Prices Index the full-service thethat North 4 Swiss in 2019. Together, companies and suppliers continue struggle tothat meetcreates increasing levels metalforming industry — thetoindustry precision metal expanded for the 12th consecutive month, indicating continued supplier P4Swiss / Lindel CNC Machining is dedicated products stamping, fabricating, spinning, forming and of demand.using Record-long lead times, wide-scale shortages slide of critical pricing power scarcity of quality supply chain goods. to and providing CNC machined parts at rollA Zforming technologies, and other processes. Its MANUFACTURING WEST COAST • 22 • JUNEJULY value-added 21 nearly 900 member companies also include suppliers of equipment, Announcements Continued Page 14 2
