Fairfield, New Jersey (PRWEB) November 01, 2013
On Monday, November 4 at 2:00 p.m. EST, All Metals & Forge Group, a manufacturer of open die forgings and seamless rolled rings with headquarters in Fairfield, New Jersey, will launch MFGTalkRadio, an Internet broadcast talk radio show to discuss what is happening to manufacturing in America with guests from major manufacturers and industry associations. The inaugural show will host Mr. Brad Holcomb, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee who authors ISM’s monthly Report On Business® which includes the PMI™ (formerly known as the Purchasing Manager’s Index) composite index that indicates whether the manufacturing sector is expanding or contracting in the U.S. economy. Listeners can find the show at http://www.mfgtalkradio.com.
Hosted by Mr. Lew Weiss, President of All Metals & Forge Group, and Mr. Tim Grady, a business and industry consultant for over 25 years, the 50-minute show will go into ISM’s Report On Business® in greater depth than just the PMI™ talked about briefly in the news, which will next be released on Friday, November 1 at 10:00 a.m. EST. The co-hosts will ask Mr. Holcomb about key indexes within the report, such as new orders, employment, customers’ inventories, and other indexes which tell a more complete story about the 18 manufacturing industries that are surveyed each month.
“All Metals & Forge Group has following this pivotal report for over 25 years because primary metals and fabricated metal products in manufacturing are leading indicators about the economy,” said Mr. Weiss. “Manufacturing has led the country out of every recession, and metals in particular has to be ordered and made into components for machinery or durable consumer goods for sale six to nine months down the road,” he said.
“We are very excited to launch this international conversation which is not being presented to this level of depth in news sound bites,” said Mr. Grady. “Business and industry executives will be able to email questions to us live as we dig further and dive deeper into what is working in America’s manufacturing sector and what is not, and we are thrilled to have the voice of the ISM’s Report On Business® on the air with us to discuss these critical topics,” he concluded.
The October PMI™ indicates growth for the 53rd consecutive month in the overall economy, and indicates expansion in the manufacturing sector for the fifth consecutive month. "The past relationship between the PMI™ and the overall economy indicates that the average PMI™ for January through October (53.3 percent) corresponds to a 3.5 percent increase in real gross domestic product (GDP) on an annualized basis. In addition, if the PMI™ for October (56.4 percent) is annualized, it corresponds to a 4.4 percent increase in real GDP annually." Holcomb stated. “The number alone does not tell the full story,” he said.
All Metals & Forge Group has made forgings since 1972 for many metalworking industries, including aerospace, aircraft, automotive, chemical, construction, defense, engine and turbine, energy and power generation, food processing, gear manufacturing, general manufacturing, mining and tunnel boring, oil and gas exploration, petroleum, pulp and paper, shipbuilding and transportation.
Institute for Supply Management™ (ISM) is the first supply management institute in the world. Founded in 1915, ISM exists to lead and serve the supply management profession and is a highly influential and respected association in the global marketplace. By executing and extending its mission through education, research, standards of excellence and information dissemination — including the renowned monthly ISM Report On Business® — ISM maintains a strong global influence among individuals and organizations.