{"id":8443,"date":"2021-08-26T08:24:34","date_gmt":"2021-08-26T08:24:34","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=8443"},"modified":"2022-11-25T08:24:24","modified_gmt":"2022-11-25T08:24:24","slug":"week-34-in-manufacturing-news-3","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/week-34-in-manufacturing-news-3\/","title":{"rendered":"Week 34 in Manufacturing News"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">US: Markit Manufacturing PMI retreats to 61.2 in August vs. 62.8 expected; U.S. Manufacturing Shipments Set to Rebound in 2021; U.K. Construction and Manufacturing Push Up Wage Inflation; Supply Chain Issues are Hindering UK Manufacturing Recovery.<\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/08\/manufacturing-news-1024x683.jpg\" alt=\"manufacturing-news\" class=\"wp-image-8446\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/08\/manufacturing-news.jpg 1024w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/08\/manufacturing-news-300x200.jpg 300w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/08\/manufacturing-news-768x512.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">US: Markit Manufacturing PMI Retreats to 61.2 in August vs. 62.8 Expected<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The economic activity in the US manufacturing sector continued to expand in August, albeit at a slower pace than it did in July, with IHS Markit&#8217;s Manufacturing PMI declining to 61.2 (preliminary) from 63.4. This reading came in worse than the market expectation of 62.8.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Commenting on the data, &#8220;not only have supply chain delays hit a new survey record high, but the August survey saw increasing frustrations in relation to hiring,&#8221; said Chris Williamson, chief business economist at IHS Markit.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: <a rel=\"noreferrer nofollow noopener\" aria-label=\"FX Street (opens in a new tab)\" href=\"https:\/\/www.fxstreet.com\/news\/us-markit-manufacturing-pmi-retreats-to-612-in-august-vs-628-expected-202108231350\" target=\"_blank\">FX Street<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. Manufacturing Shipments Set to Rebound in 2021<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">U.S. manufacturers&#8217; shipments in nominal terms are forecast to advance 3.8% per year through 2025 from a depressed 2020 base.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Manufacturing shipments in nominal terms are expected to rise 6% in 2021 as the economy recovers, partially reversing a decline of 6.7% in 2020 due to the COVID-19 pandemic. Efforts to delay community transmission caused a sharp contraction in economic activity, leading to significant changes or reductions in most manufacturing sectors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: Autobody News.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">U.K. Construction and Manufacturing Push Up Wage Inflation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Britain\u2019s construction, manufacturing and food preparation industries are pushing wages higher across the economy due to a shortage of workers to fill available jobs. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe\u2019re seeing some pretty staggering numbers,\u201d said Pawel Adrjan, head of EMEA research at Indeed, noting that the six industries experiencing high wage growth made up 30% of all job postings on the site. \u201cWages and salaries have gone up significantly faster in those sectors where we are seeing outsized demand for workers.\u201d  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: <a rel=\"noreferrer nofollow noopener\" aria-label=\"Bloomberg (opens in a new tab)\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-24\/u-k-construction-and-manufacturing-push-up-wage-inflation\" target=\"_blank\">Bloomberg<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Supply Chain Issues are Hindering UK Manufacturing Recovery<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Manufacturing Barometer, which is run by SWMAS (South West Manufacturing Advisory Service) and supported by the Manufacturing Growth Programme (MGP), reveals that 96% of respondents are struggling with price changes within their supply chain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Firms believe that rising costs are being driven by lack of raw materials availability (94%), rising transport costs (82%), and reduced capacity in the market to meet demand (63%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: <a href=\"https:\/\/www.pesmedia.com\/uk-manufacturing-industry-data-19082021\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" aria-label=\"PES Media (opens in a new tab)\">PES Media<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>US: Markit Manufacturing PMI retreats to 61.2 in August vs. 62.8 expected; U.S. Manufacturing Shipments Set to Rebound in 2021; U.K. Construction and Manufacturing Push Up Wage Inflation; Supply Chain Issues are Hindering UK Manufacturing Recovery.<\/p>\n","protected":false},"author":4,"featured_media":8446,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56],"tags":[],"class_list":["post-8443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Week 34 in Manufacturing News - Blog for Manufacturers and Distributors<\/title>\n<meta name=\"description\" content=\"Manufacturing news week 34 in 2021. Manufacturing news and articles - economy, manufacturing growth, job creation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mrpeasy.com\/blog\/week-34-in-manufacturing-news-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Week 34 in Manufacturing News - Blog for Manufacturers and Distributors\" \/>\n<meta property=\"og:description\" content=\"Manufacturing news week 34 in 2021. Manufacturing news and articles - economy, manufacturing growth, job creation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mrpeasy.com\/blog\/week-34-in-manufacturing-news-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog for Manufacturers and Distributors\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-26T08:24:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-25T08:24:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/08\/manufacturing-news.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Karl Heinrich Lauri\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Karl Heinrich Lauri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/week-34-in-manufacturing-news-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/week-34-in-manufacturing-news-3\\\/\"},\"author\":{\"name\":\"Karl Heinrich Lauri\",\"@id\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/#\\\/schema\\\/person\\\/9f3fc21487b8bd06ee559963df65c254\"},\"headline\":\"Week 34 in Manufacturing News\",\"datePublished\":\"2021-08-26T08:24:34+00:00\",\"dateModified\":\"2022-11-25T08:24:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/week-34-in-manufacturing-news-3\\\/\"},\"wordCount\":367,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/week-34-in-manufacturing-news-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/manufacturing-news.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/week-34-in-manufacturing-news-3\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/week-34-in-manufacturing-news-3\\\/\",\"url\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/week-34-in-manufacturing-news-3\\\/\",\"name\":\"Week 34 in Manufacturing News - Blog for Manufacturers and Distributors\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/week-34-in-manufacturing-news-3\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/week-34-in-manufacturing-news-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/manufacturing-news.jpg\",\"datePublished\":\"2021-08-26T08:24:34+00:00\",\"dateModified\":\"2022-11-25T08:24:24+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.mrpeasy.com\\\/blog\\\/#\\\/schema\\\/person\\\/9f3fc21487b8bd06ee559963df65c254\"},\"description\":\"Manufacturing news week 34 in 2021. 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