The month’s reading was propelled by accelerating expansion in new orders and backlogs and an elevated supplier delivery reading. The last four months of supplier delivery readings have remained near their recent average reading of 77.5. These elevated results manifest the enduring challenges facing supply chains which have resulted in significantly longer order-to-fulfillment times.
Despite the challenges which continue to hamper desired production levels, survey respondents reported the fastest expansion in hiring activity since mid-2014. The increase in hiring, however, was no match for new orders activity which hit its second highest reading since at least 2011. Data through the first half of the year indicated strong demand from both domestic and foreign consumers, which in turn led to a backlog activity reading that increased to its highest level since early 2018.
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Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business.
For more information about Matsuura, please visit: https://www.matsuurausa.com/contact/.