Manufacturing by the Numbers: June 2023

The old adage ‘you can't manage what you can't measure’ has never been truer, especially in the industrial sector. Having the right data about your plant, your business, and the industry in general is essential if you want your company to thrive. This monthly roundup highlights the reports, studies, surveys, and insights that are impacting the manufacturing industry. Here are this month’s stats.

U.S. manufacturing continued to contract in May, falling 0.2 percentage point to 46.9%

Institute for Supply Management
Manufacturing ISM Report On Business

New orders for manufactured goods increased $2.6 billion or 0.4% to $577.5 billion in April

U.S. Census Bureau
Monthly Full Report on Manufacturers’ Shipments, Inventories, & Orders

New orders of manufacturing technology declined 38.7% in April to $336.7 million

AMT – The Association For Manufacturing Technology
U.S. Manufacturing Technology Orders Report

U.S. manufacturing jobs dipped slightly in May, losing only 2,000 jobs

U.S. Bureau of Labor Statistics
Employment Situation Summary

U.S. durable goods orders increased 1.7% to $288.2 billion in May

U.S. Census Bureau
Monthly Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders

Manufacturing activity in New York State rose 38 points to 6.6

Federal Reserve Bank of New York
Empire State Manufacturing Survey

Industrial production fell 0.2% in May, while manufacturing rose 0.1%

U.S. Federal Reserve
Industrial Production and Capacity Utilization

58% of metalforming companies expect no change in economic activity in the next three months

Precision Metalforming Association (PMA)
Precision Metalforming Association (PMA) Business Conditions Report