Love staying up to date? Forward this to a friend to subscribe!

This report is brought to you in partnership with Sustainment, a market network dedicated to the success of American Manufacturing. Learn More →

💴 This Week in Manufacturing

No good thing worth having comes easily–and a manufacturing rebound won’t be easily won. As detailed in our inaugural monthly industry report, there have been small setbacks but sentiment is positive that long-term growth is ahead. Today’s newsletter covers those enduring bright spots as we dive into another month of opportunities!

April kicks off our first-ever monthly industry review and report. The report covers PMI and New Orders Index, Production and Employment Trends, Supplier Deliveries, and much more. Get your data analysis here!

Next, this week’s headlines cover America’s resurgence as an industrial powerhouse, as well as expansions in robotics and EV battery production. 

Both of this week’s podcast features highlight pillars of modern manufacturing: trade fairs and sustainability. Enjoy listening to Augmented Ops and The Manufacturing Executive.

Finally, our Fun Fact continues the optimism train with projections about the industry’s growth rate throughout 2024!

Thanks for joining us!

P.S. Do you have a story to share about innovation at your company? We'd love to profile you! Click here (it’s free)

⚙ Manufacturing Headlines

• America Re-emerges as Industrial Powerhouse [Marcum LLP]

• US Explores Mining Waste for EV Battery Production [Tech Times]

• April manufacturing industry data review [CompanyWeek]

• Robot installations by U.S. manufacturing companies up 12% last year [Modern Materials Handling]

• Commercial aircraft, motor vehicles lift US factory orders [Economic Times]

• Power Electronics will unveil its US manufacturing plan details at Cleanpower 2024 [Solar Power World]

MONTHLY REVIEW

♨️ US Manufacturing Monthly Insights - April

The April contraction in the manufacturing sector broke a short-lived rebound in March.

The data suggests the manufacturing sector recovery remains uneven and vulnerable even as certain indicators show improvement. The PMI contraction in April comes amid signs of slowing demand and ongoing supply-side challenges across the manufacturing sector.

The data suggests that demand conditions have softened but are still gradually improving. Both the Transportation Equipment and Chemical Products categories reported growth during the month based on increases in production and new orders.

Upshot: Import growth was driven by manufacturers looking to replenish inventory stockpiles to improve delivery times and keep pace with any rebound in demand. However, rising ocean freight costs posed challenges.

FROM THE FEED

📱Klein tools for manufacturing

 🤨 Did You Know?

The number of manufacturing enterprises is projected to grow at an annual rate of 14.2%

in 2024, up to 7.1M enterprises.

^{Source: Statista}

🎧 Podcasts Worth A Listen

⏱Find New Suppliers →

Optimize your network by inviting suppliers from the thousands of engaged manufacturers on Sustainment’s market network to your projects, or simply connect and message them. Learn More →

CompanyWeek is the voice of the modern manufacturing economy, telling stories of U.S. Manufacturers to showcase workers, innovation, technology, and progress.