TEMPE, AZ – Economic activity in the manufacturing sector expanded in June for the 11th consecutive month, according to the Institute for Supply Management. The PMI registered 56.2%, a drop of 3.5 percentage points.

A reading above 50% indicates the manufacturing economy is generally expanding.

New orders for the month dipped 7.2 points to 58.5%, while production dropped 5.2 points to 61.4%. Inventories were up a slight 0.2 points to 45.8%, while customer inventories surged 6 points to 38%. Backlogs fell 2.5 points to 57%.

“The manufacturing sector continued to grow during June; however, the rate of growth, as indicated by the PMI slowed when compared to May. The lower reading for the PMI came from a slowing in the New Orders and Production Indexes. We are now 11 months into the manufacturing recovery, and given the robust nature of recent growth, it is not surprising that we would see a slower rate of growth at this time. The sector appears to be solidly entrenched in the recovery. Comments from the respondents remain generally positive, but expectations have been that the second half of the year will not be as strong in terms of the rate of growth, and June appears to validate that forecast,” said ISM spokesperson Norbert J. Ore.

The overall economy grew for the 14th consecutive month, says ISM.

RENO, NV – Paradise Manufacturing, a contract assembler based here, has closed, and the factory equipment will be sold at auction.

According to the company website, it was founded as Contract Manufacturing Services in May 1997. In 2000, founder Kit Paradis changed the name to Paradise Manufacturing Inc. (PMI).

The EMS company operated in a 12,000 sq. ft. factory in Reno.

WASHINGTON, DC – The National Association of Manufacturers unveiled a comprehensive strategy for US competitiveness. The Manufacturing Strategy for Jobs and a Competitive America prompts political leaders to consider what it will take for manufacturers in the US to succeed in the global marketplace.

The strategy explains what is at stake for manufacturing in the US and provides a roadmap for policies that will enable manufacturing to create jobs and compete. 

It sets out the following goals: The US will be the best country in the world to headquarter a company. The NAM wants companies based in the US; the US will be the best country in the world to innovate, performing the bulk of a company’s global research and development, and the US will be a great place to manufacture, both to meet the needs of the American market and serve as an export platform for the world.

The NAM urges manufacturers to call on members of Congress, candidates for office and opinion leaders to join in supporting and publicly endorsing the strategy; advocates for manufacturing should seek to implement the strategy, the association says. 

The Manufacturing Strategy for Jobs and a Competitive America is the first phase of the NAM’s campaign. In the coming weeks, the NAM will announce the creation of manufacturing councils at the state and district levels. These councils will be a platform to educate candidates, policymakers, employees and the general public about how to keep manufacturing competitive.

MENLO PARK, CA -- Product cost is fast receding as the most important factor in the OEM-EMS relationship, asserts a recent survey of electronics OEMs.