×
65 831
Fashion Jobs
BLOOMINGDALE'S
Asset Protection Outlet Supervisor, Full Time - Bergen tc
Permanent · Paramus
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Bloomie's
Permanent · Fairfax
MARSHALLS
70118-lp Detective
Permanent · Owings Mills
TJ MAXX
Loss Prevention Detective
Permanent · Santa Ana
TJ MAXX
Loss Prevention Detective
Permanent · Towson
HOMEGOODS
70118-lp Detective
Permanent · Los Angeles
ROSS
Lead, Store Planner
Permanent · Dublin
ROSS
Store Protection Specialist
Permanent · Kissimmee
NORDSTROM
Retail Stock - Renaissance Center Rack
Permanent · Durham
NIKE
Financial Analyst
Permanent · Beaverton
MACY'S
Ofc., Parade Studio Liaison & Asset Protection - Part Time (3842)
Permanent · Secaucus
MACY'S
Asset Protection Detective, Mall in Columbia - Full Time
Permanent · Columbia
MACY'S
Wave Planner, Bailey Road - Weekend, Full Time (2501)
Permanent · North Jackson
MACY'S
Asset Protection Detective, Herald Square - Full Time
Permanent · New York
MACY'S
Manager, Operations Mon-Fri 6:00 am-2:30 pm
Permanent · Tomball
MACY'S
Manager, Inventory Control/Quality Assurance Mon-Fri 6:00 am-2:30 pm
Permanent · Tomball
MACY'S
Asset Protection Detective, Alderwood - Full Time
Permanent · Lynnwood
MACY'S
Asset Protection Detective, Monmouth - Full Time
Permanent · Eatontown
MACY'S
Asset Protection Security Guard, Wolfchase - Part Time
Permanent · Bartlett
MACY'S
Asset Protection Detective, Fairfield Solano - Full Time
Permanent · Fairfield
MACY'S
Asset Protection Detective, st Clair Square - Part Time
Permanent · Fairview Heights
MACY'S
Asset Protection Detective, Park Meadows - Full Time
Permanent · Lone Tree
By
Fibre2Fashion
Published
Aug 4, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

US July manufacturing activity grows; apparel in highest growth sector

By
Fibre2Fashion
Published
Aug 4, 2022

Economic activity in the US manufacturing sector expanded in July, with the overall economy achieving a 26th consecutive month of growth, the nation's supply executives said in the latest Manufacturing ISM Report on Business released by the Institute for Supply Management (ISM). Eleven manufacturing industries reported growth in July, with apparel, leather and allied products reporting the highest growth.



Textile mills reported the eighth highest growth among the 11.

New orders contracted, production and backlogs grew and exports and imports grew. Supplier deliveries slowed at a slower rate, raw material inventories grew and prices too increased at a slower rate in the month.

The new export orders index reading of 52.6 per cent was up by 1.9 percentage points compared to June's figure of 50.7 per cent. The imports index grew again in July, up by 3.7 percentage points to 54.4 per cent from 50.7 per cent in June.

"The July manufacturing PMI [purchasing managers’ index] registered 52.8 per cent, down 0.2 percentage point from the reading of 53 per cent in June. This figure indicates expansion in the overall economy for the 26th month in a row after a contraction in April and May 2020. This is the lowest manufacturing PMI figure since June 2020, when it registered 52.4 per cent,” ISM Manufacturing Business Survey Committee chair Timothy R Fiore said in a release.

The new orders index registered 48 per cent—1.2 percentage points lower than the 49.2 per cent recorded in June. The production index reading of 53.5 per cent is a 1.4-percentage point decrease compared to June's 54.9 per cent. And the prices index registered 60 per cent—down by 18.5 percentage points compared to the June figure of 78.5 per cent. This is the index's lowest reading since August 2020 (59.5 per cent).

The backlog of orders index registered 51.3 per cent, 1.9 percentage points below June’s 53.2 per cent. The supplier deliveries index reading of 55.2 per cent is 2.1 percentage points lower than the June figure of 57.3 per cent. And the inventories index registered 57.3 per cent, 1.3 percentage points higher than the June reading of 56 per cent.

Panelists are now expressing concern about a softening in the economy, as new order rates contracted for the second month amid developing anxiety about excess inventory in the supply chain.

Copyright © 2023 Fibre2Fashion. All rights reserved.