ISM: Manufacturing (CONT’D FROM PAGE 6)
Puhl custom designs systems to meet your needs. • Moving to a new facility? Puhl has experience moving entire plant systems all while minimizing down time in BOTH plants during the transition. • Below roof AND above roof systems custom designed to meet your needs. • New and Remanufactured Equipment (balers, blowers, separators, filters and more). Our Remanufactured equipment includes a warranty and offers significant savings. • NFPA and OSHA compliant systems designed by our NFPA trained engineering team. • Dust Briquetters, Certified Explosion Isolation Valves, Flame Front Diverters and more to control dust and meet NFPA requirements. • PLC Touch Screen Controls with Real Time Pressure Balancing and Real Time Remote Monitoring available on your smart phone or computer. "Manufacturing's purchasing and supply executives ex- pect to see overall growth in 2023. They are pessimistic about overall business prospects for the first half of 2023 but project growth returning in the second half. According to the ISM Report On Business, manufacturing grew for 29 consecutive months from June 2020 through October 2022, but dipped into contraction in November after de- clining in five out of the previous six months. Respondents expect raw materials pricing pressure to increase in 2023, but still see H1 2023 profit margins improving over H2 2022. Wages and employment will continue to grow. Man- ufacturers also predict growth in both exports and imports in 2023," says Fiore. In the manufacturing sector, respondents report operat- ing at 88.4 percent of normal capacity, up 0.8 percentage point from the 87.2 percent reported in May 2022. Pur- chasing and supply executives predict that capital expen- ditures will increase year over year by 2.6 percent in 2023, compared to the 12-percent increase reported for 2022 compared to 2021. Manufacturers expect employment in the sector to grow by 3.9 percent in 2023 relative to December 2022 levels, while labor and benefit costs are expected to increase an average of 5.8 percent. Respon- dents also expect the U.S. dollar to strengthen against the currencies of seven major trading partners in 2023. The panel predicts that prices paid for raw materials will increase 2.5 percent during the first five months of the year, with an overall increase of two percent for 2023.
6-percent increase in 2022). The manufacturing employ- ment base is expected to grow by 3.9 percent and the services employment base is expected to increase by one percent in 2023. Compared to the first half (H1), growth in the second half (H2) of the year is projected to rebound. These projections are part of the forecast issued by the Business Survey Committees of ISM. The forecast was re- leased by Timothy R. Fiore, CPSM, C.P.M, Chair of the ISM Manufacturing Business Survey Committee, and by Antho- ny S. Nieves, CPSM, C.P.M., A.P.P, CFPM, Chair of the ISM Services Business Survey Committee. Expectations for 2023 are positive, as 45 percent of re- spondents expect revenues to be greater in 2023 than in 2022. The panel of supply executives expects a 5.5-per- cent net increase in overall revenues for 2023, compared to a 9.3-percent increase reported for 2022. Fifteen of the 18 manufacturing industries expect rev- enue improvement in 2023, listed in order of largest to smallest projected increase: Plastics & Rubber Products; Transportation Equipment; Apparel, Leather & Allied Prod- ucts; Fabricated Metal Products; Primary Metals; Food, Beverage & Tobacco Products; Printing & Related Support Activities; Furniture & Related Products; Machinery; Chem- ical Products; Computer & Electronic Products; Miscella- neous Manufacturing; Paper Products; Electrical Equip- ment, Appliances & Components; and Textile Mills.
Balers • Shredders • Trim Collection Systems • Dust Collection Systems • Cyclones Trim Separators • Spiral Duct • Used Equipment • Filters • Briquetters 240 Airport Road | Gallatin, TN 37066 | 615.230.9500 | FAX 615.230.9590 | sales@gfpuhl.com | www.gfpuhl.com Follow us on LinkedIn
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January 2, 2023
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