Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

U.S. Manufacturing Economic Contracted for Second Consecutive Month: December ISM Report

Food Industry Executive 2023-01-19
Share       

December marked the second consecutive month of contraction for U.S. manufacturing economic activity, according to the recently released Manufacturing ISM® Report on Business®. The manufacturing PMI was 48.4%, slightly down from November’s 49%.

The food, beverage, and tobacco industry once again reported contraction during the month. The industry reported a decrease in employment, a decrease in new export orders, and slower supplier deliveries.

The prices index decreased to 39.4%, a 3.6 percentage-point decline from November’s 43%. This indicates that raw materials prices decreased for the third consecutive month. The food, beverage, and tobacco industry was one of 10 industries that reported paying decreased prices for raw materials. 

According to one industry respondent, “Lead times are returning to normal for most of our suppliers, while some of our smaller suppliers are struggling to remain staffed up enough to keep up with orders.”

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Piperaquine Phosphate

Piperaquine Phosphate

Laboratory Homoqenizer

Laboratory Homoqenizer

packing strap 2R2A9567

packing strap 2R2A9567

FERRIC CHLORIDE

FERRIC CHLORIDE

Genmone You-Jun-Duo probiotic capsules

Genmone You-Jun-Duo probiotic capsules

Protassium Chloride

Protassium Chloride

Flash Dryer

Flash Dryer

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121