February ISM PMI- Manufacturing Growing Despite Challenges
This February PMI® indicates growth for the 130th consecutive month in the overall economy, and the second month of growth following five months of contraction in the manufacturing sector.
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Precision Machining Sales January 2020- Success-ion, not Recession!
NO RECESSION IN PRECISION MACHINING! (only two consecutive months of declines.) Success-ion? Well, it depends on how you manage. The numbers show a very positive outlook.
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PMPA Business Trends December 2019 Review and Summary
After two years of strong sales growth (2017 was up 6.8% over 2016; 2018 was up 7.2% over 2017), 2019 finished essentially even with 2018.
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OSHA Enforcement Priority Weighting System Revised
We urge all shops to look at this for guidance in prioritizing their risk evaluation and remediation and training programs to minimize the chances of these OSHA Priority Hazards occurring in their shops.
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OSHA Amputation National Emphasis Program-Renewed
On December 10, 2019, the U.S. Department of Labor’s Occupational Safety and Health Administration issued an instruction (Directive) CPL 03-00-022 cancelling the prior NEP CPL 03-00-019 National Emphasis Program on Amputations, August 13, 2015, and describes the policies and procedures for the continued implementation of the National Emphasis Program to identify and reduce Amputation hazards…
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USMCA- Updated NAFTA Finally Signed!
While we expect some changes in the automotive supply chain, some to the benefit of the U.S. and some to the benefit of Mexico, overall this is a positive outcome for manufacturers. Entry into force is likely a few months away.
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C-1200 Series Steels- Not Recommended for Applications Requiring Mechanical Properties
12L14 and 1215 cold drawn steel bars are not recommended for critical applications requiring mechanical properties, alternating stress applications, cold metal movement and other properties.
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November ISM PMI, Consistent with Seasonal Expectations
“Economic activity in the manufacturing sector contracted in November, and the overall economy grew for the 127th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.” The decrease in the ISM PMI index of 0.2 percentage point from the October reading of 48.3 percent is modest and not unexpected for this time of year- it…
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Standing on the Shoulders of Giants- Veterans Day 2019
My family has a story. I’ll bet yours does too. My grandfather and namesake, Miles Sr., joined the army cavalry back in WWI. Sounds dashing, but the assignment to cavalry in those days, for farm boys from Ohio, was all about the barn, not about the riding.My father, Miles Jr., was first…
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September ISM PMI Declines- GDP Growth Likely 1.7%
We believe that the perceived bad news of the decrease to 47.8 percent of the ISM PMI is far worse than the actual reality which is that the economy (real US GDP) is continuing to grow.