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For a second straight month, none of the PMI's 10 subindexes registered monthly expansion.
Lower volumes and last year's oil & gas divestiture weighted down on revenue growth, while the company continued to slash inventories.
Fastener distributor Packer Fastener is opening a new location in La Crosse, Wisconsin, to serve customers.
Member sales in the first six months of 2023 reached a new record of $37.8 billion across 14 divisions and three countries.
The official manufacturing purchasing managers’ index (PMI) was 49.3 in July, data from the National Bureau of Statistics showed.
After years of financial trouble and recent labor disrupts, North America’s third largest truck carrier is filing for bankruptcy.
Standex said it expects the acquisition to be accretive to its earnings and to achieve a double-digit return on invested capital.
The company's 2023 second quarter included one new acquisition and the naming of a new Chief Strategy Officer.
The Conference Board Consumer Confidence Index rose again in July to 117.0, up from 110.1 in June and to the highest level since July 2021.Â
Millennium Manufacturing will help Bracalente bolster its specialized CNC milling, turning and multi-spindle manufacturing capabilities.
