ISM: Manufacturing (CONT’D FROM PAGE 10)
All of the six biggest manufacturing industries — Com- puter & Electronic Products; Chemical Products; Fabricated Metal Products; Transportation Equipment; Food, Bever- age & Tobacco Products; and Petroleum & Coal Products, — registered moderate to strong growth in June. “Manufacturing performed well for the 13th straight month, with demand, consumption and inputs registering growth compared to May. Panelists’ companies and their supply chains continue to struggle to respond to strong demand due to the difficulty in hiring and retaining direct labor. Continued high backlog levels, too low customers’ inventories and record raw-materials lead times are being reported. Labor challenges across the entire value chain continue to be the major obstacles to increasing growth,” says Fiore. Seventeen of 18 manufacturing industries reported growth in June, in the following order: Furniture & Relat- ed Products; Machinery; Electrical Equipment, Appliances & Components; Computer & Electronic Products; Plastics & Rubber Products; Chemical Products; Fabricated Metal Products; Transportation Equipment; Miscellaneous Man- ufacturing; Nonmetallic Mineral Products; Textile Mills; Primary Metals; Food, Beverage & Tobacco Products; Pa- per Products; Printing & Related Support Activities; Wood Products; and Petroleum & Coal Products. No industry re- ported a decrease in June.
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