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NEWS DESK


The business promotion activity, called Project Buyer, is organized by BMS, based on the partnership between the Brazilian Agency for Promotion of Export and Investment (Apex-Brazil) and ABIMAQ. Participating in the event were eight buyers from six countries: Chile, the US, Egypt, Nigeria, Peru and Kenya, said Patricia Gomes, external market division and BMS program manager for ABIMAQ. In 2016, Brazil registered $337.1 million of exports of machine tool products, 23.2% more than the


previous year, when external sales were $273.6 million. —Editor-in-Chief Alan Rooks


Manufacturing Surges U


S manufacturing surged in June as gains in new orders spurred increases in output and employment, the Insti- tute for Supply Management (ISM; Tempe, AZ) said. The institute’s PMI, which measures economic activity in manufacturing, advanced to 57.8% in June, up from 54.9%


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in May, according to a monthly report. It was the 10th con- secutive month of growth. “It was a really strong performance,” Timothy R. Fiore, chair of ISM’s Business Survey Committee, said on a confer- ence call.


“As long as new orders continue to come in…there’s no


reason this shouldn’t continue,” Fiore said. Fifteen of 18 industries reported economic expansion. They included furniture, machinery, transportation equipment, fabricated metal products, miscellaneous manufacturing and petroleum and coal products. Three industries reported contraction: apparel, textiles and primary metals. The ISM report is based on a survey of 350 purchas- ing and supply executives. A reading above 50% indicates expansion and below 50% contraction. The PMI averaged 56.4% for the first half of 2017. The index hasn’t been below 50% since August 2016. New orders have driven of the economic expansion in manufacturing, Fiore said.


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Call Us: 800.888.0018 sales@alignprod.com ZZZ DLUÀRDW FRP


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