Allied Corporation

Manufacturing PMI® at 47.8%; February 2024 Manufacturing ISM® Report On Business®

Retrieved on: 
Friday, March 1, 2024
Computer, Customer, Production, Import, Fiore, Allied Corporation, Forecasting, Plastic, Backlog, Appliance, Growth, Overalls, Weather, Transport, Electronic Products, Gross domestic product, GDP, USB On-The-Go, Component, CPSM, Heated tobacco product, Drink, Wood, Employment, Metal, Video game

TEMPE, Ariz., March 1, 2024 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of "unchanged" status (a PMI® reading of 50 percent) and 28 months of growth prior to that, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • (A Manufacturing PMI® above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.)
  • The Prices Index registered 52.5 percent, down 0.4 percentage point compared to the reading of 52.9 percent in January.
  • The Backlog of Orders Index registered 46.3 percent, 1.6 percentage points higher than the 44.7 percent recorded in January.
  • "The Supplier Deliveries Index figure of 50.1 percent is 1 percentage point higher than the 49.1 percent recorded in January.

Manufacturing PMI® at 49.1%; January 2024 Manufacturing ISM® Report On Business®

Retrieved on: 
Thursday, February 1, 2024
CHIPS, Semiconductor, Computer, Heated tobacco product, Federal Reserve, GDP, Order, Plastic, Fiore, Science, Original equipment manufacturer, Employment, Component, Drink, Business, Growth, Transport, Electronic Products, Customer, CPSM, Metal, USB On-The-Go, Allied Corporation, OEM, Gross domestic product, Overalls, Petroleum, Wood, Appliance, Production, Textile manufacturing, Furniture, Backlog, Gasoline

TEMPE, Ariz., Feb. 1, 2024 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in January for the 15th consecutive month following one month of "unchanged" status (a PMI® reading of 50 percent) and 28 months of growth prior to that, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • (A Manufacturing PMI® above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.)
  • The Prices Index registered 52.9 percent, up 7.7 percentage points compared to the reading of 45.2 percent in December.
  • The Backlog of Orders Index registered 44.7 percent, 0.6 percentage point lower than the 45.3 percent recorded in December.
  • "The Supplier Deliveries Index figure of 49.1 percent is 2.1 percentage points higher than the 47 percent recorded in December.

Manufacturing PMI® at 47.4%; December 2023 Manufacturing ISM® Report On Business®

Retrieved on: 
Wednesday, January 3, 2024
Fiore, Forecasting, Printing, United Auto Workers, Customer, Backlog, Textile manufacturing, Computer, USB On-The-Go, Employment, Wood, Plastic, Overalls, Steel, UAW, Food, Appliance, Drink, Allied Corporation, Order, CPSM, Furniture, Commodity, Gross domestic product, Transport, Component, GDP, Electronic Products, Growth, Heated tobacco product, Production, Gasoline

TEMPE, Ariz., Jan. 3, 2024 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in December for the 14th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • (A Manufacturing PMI® above 48.7 percent, over a period of time, generally indicates an expansion of the overall economy.)
  • The Backlog of Orders Index registered 45.3 percent, 6 percentage points higher than the November reading of 39.3 percent.
  • "The Supplier Deliveries Index figure of 47 percent is 0.8 percentage point higher than the 46.2 percent recorded in November.
  • Fiore continues, "The U.S. manufacturing sector continued to contract, but at a slightly slower rate in December as compared to November.

Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

Retrieved on: 
Friday, September 1, 2023
Appliance, Monster Employment Index, Fischer Paper Products, United Auto Workers, Projection, Employment, Gross domestic product, Fiore, Federal Reserve Bank of Philadelphia, Backlog, Drink, Computer, Production, Federal Reserve, United Auto Workers strike of 1945–1946, Growth, Textile manufacturing, Book, Metal, Industrial production index, Wood, Plastic, Furniture, Electronic Products, Allied Corporation, Customer, Overalls, Metal production in Ukraine, U.S. Producer Price Index, Business, Miscellaneous electric load, Transport, Stellantis, Contingency, Order, Machine, USB On-The-Go, Directive on intra-EU-transfers of defence-related products, General Motors, Component, Rubber production in Sri Lanka, Heated tobacco product, Ford, GDP, CPSM, Reading, Gasoline, Online shopping, Tourism, Food

TEMPE, Ariz., Sept. 1, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in August for the 10th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • "The Supplier Deliveries Index figure of 48.6 percent is 2.5 percentage points higher than the 46.1 percent recorded in July.
  • The New Export Orders Index reading of 46.5 percent is 0.3 percentage point higher than July's figure of 46.2 percent.
  • Fiore continues, "The U.S. manufacturing sector shrank again, but the uptick in the PMI® indicates a slower rate of contraction.
  • The five manufacturing industries that reported growth in August are: Printing & Related Support Activities; Transportation Equipment; Food, Beverage & Tobacco Products; Petroleum & Coal Products; and Miscellaneous Manufacturing.

Manufacturing PMI® at 46.4%; July 2023 Manufacturing ISM® Report On Business®

Retrieved on: 
Tuesday, August 1, 2023
Component, Inventory, Plastic, Rubber production in Sri Lanka, Furniture, Electronic Products, Employment, Backlog, Allied Corporation, Customer, Drink, Coronavirus, Overalls, Appliance, Metal production in Ukraine, U.S. Producer Price Index, Monster Employment Index, K/O Paper Products, Transport, Computer, Printing, Production, Metal, Gross domestic product, GDP, Order, Machine, CPSM, Heated tobacco product, Reading, USB On-The-Go, Fiore, Growth, Textile manufacturing, Industrial production index, Wood, Gasoline, Food

TEMPE, Ariz., Aug. 1, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in July for the ninth consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • The Employment Index dropped further into contraction, registering 44.4 percent, down 3.7 percentage points from June's reading of 48.1 percent.
  • "The Supplier Deliveries Index figure of 46.1 percent is 0.4 percentage point higher than the 45.7 percent recorded in June.
  • In the last eight months, the Supplier Deliveries Index has recorded its eight lowest readings since March 2009 (43.2 percent).
  • Fiore continues, "The U.S. manufacturing sector shrank again, but the uptick in the PMI® indicates a marginally slower rate of contraction.

Manufacturing PMI® at 46.9%; May 2023 Manufacturing ISM® Report On Business®

Retrieved on: 
Thursday, June 1, 2023
Inventory, Optimism, Appliance, Monster Employment Index, Fischer Paper Products, Employment, Gross domestic product, Annual business survey (UK), Fiore, Great Recession, Backlog, Drink, Computer, Printing, Production, Growth, Textile manufacturing, Metal, Industrial production index, Wood, Plastic, Furniture, Electronic Products, Allied Corporation, Customer, Global recession, Overalls, Metal production in Ukraine, U.S. Producer Price Index, Business, Transport, Order, Machine, USB On-The-Go, Directive on intra-EU-transfers of defence-related products, Component, Rubber production in Sri Lanka, Heated tobacco product, GDP, CPSM, Reading, Warehouse, Arms industry, Food

TEMPE, Ariz., June 1, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in May for the seventh consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • The New Export Orders Index reading of 50 percent is 0.2 percentage point higher than April's figure of 49.8 percent.
  • Fiore continues, "The U.S. manufacturing sector shrank again, with the Manufacturing PMI® losing a bit of ground compared to the previous month, indicating a faster rate of contraction.
  • Output/Consumption (measured by the Production and Employment indexes) was positive, with a combined 3.4-percentage point upward impact on the Manufacturing PMI® calculation.
  • This is stunting growth and currently making 2023 demand look flat to only slightly up, compared to original projections of 10-percent growth."

ISM® REPORTS ECONOMIC IMPROVEMENT TO CONTINUE THROUGH 2023

Retrieved on: 
Monday, May 8, 2023
Component, Electronic Products, Foodservice, Employment, Public utility, Heated tobacco product, Allied Corporation, Drink, Capacity utilization, Retail, Forestry, Education minister, Appliance, Business, Tata Business Support Services, Capital expenditure, Fischer Paper Products, Technical Service Council, Transport, Real estate, Computer, Welfare, Public expenditure, Printing, CFPM, Financing, Insurance, Real Estate and Business Services (constituency), ISM, Science, CPSM, Organization, USB On-The-Go, Entertainment, Textile manufacturing, Renting, Metal, Wood, Public administration, Renewable energy, Property management, Machine, Agriculture, Food

TEMPE, Ariz., May 8, 2023 /PRNewswire/ -- The U.S. economy will continue to softly expand for the rest of 2023, say the nation's purchasing and supply executives in the Spring 2023 Semiannual Economic Forecast. Expectations for the remainder of 2023 are similar to those expressed in December 2022, despite continued inflation and geopolitical uncertainty.

Key Points: 
  • Expectations for the remainder of 2023 are similar to those expressed in December 2022, despite continued inflation and geopolitical uncertainty.
  • Forty percent of respondents say that revenues for 2023 will increase, on average, 11.6 percent compared to 2022.
  • "With 10 manufacturing sector industries expecting revenue growth in 2023 and 11 industries expecting employment growth in 2023, panelists forecast that recovery will continue the rest of the year, albeit somewhat softer than originally expected.
  • Sentiment in each sector was generally consistent with industry performance reports in the April 2023 Manufacturing ISM® Report On Business®, as well as the fall Semiannual Economic Forecast conducted in December," says Fiore.

Allied Corp Signs Agreement to Enable Offering of GMP Certified Products

Retrieved on: 
Friday, May 5, 2023
GMP, Allied Corporation, Good manufacturing practice, Drug

("Allied" or the “Company”) (OTCQB: ALID) is pleased to announce that it has signed an agreement with a GMP certified partner in Switzerland that will enable Allied to be able to offer products with the GMP (Good Manufacturing Practices) approved certifications.

Key Points: 
  • ("Allied" or the “Company”) (OTCQB: ALID) is pleased to announce that it has signed an agreement with a GMP certified partner in Switzerland that will enable Allied to be able to offer products with the GMP (Good Manufacturing Practices) approved certifications.
  • Allied has entered into an agreement with a large company that holds a Swiss Medic narcotics and processing license that will enable Allied’s Colombian produced medical cannabis to be offered into countries that require GMP certified products.
  • Allied's relationships with international partners are based on sustainable, long-term agreements that were designed with the Allied Inside™ supply chain in mind.
  • Given that we are now able to offer GMP products opens many additional commercial relationships and markets.” said Calum Hughes, CEO and Chairman of the Board.

Manufacturing PMI® at 47.1%; April 2023 Manufacturing ISM® Report On Business®

Retrieved on: 
Monday, May 1, 2023
Price Increase and Famine Resistance Committee, Component, Inventory, Plastic, Rubber production in Sri Lanka, Plague, Electronic Products, Optimism, Heated tobacco product, Backlog, Allied Corporation, Metal, Customer, Drink, Appliance, Overalls, Metal production in Ukraine, COVID-19, U.S. Producer Price Index, Business, Monster Employment Index, Miscellaneous electric load, Transport, Computer, Employment, Production, Gross domestic product, Annual business survey (UK), GDP, Order, CPSM, Reading, USB On-The-Go, Fiore, Directive on intra-EU-transfers of defence-related products, Growth, Industrial production index, Wood, Warehouse, Clothing, Machine, Food

TEMPE, Ariz., May 1, 2023 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in April for the sixth consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • The Employment Index elevated into expansion territory, registering 50.2 percent, up 3.3 percentage points from March's reading of 46.9 percent.
  • The New Export Orders Index reading of 49.8 percent is 2.2 percentage points higher than March's figure of 47.6 percent.
  • Fiore continues, "The U.S. manufacturing sector contracted again; however, the Manufacturing PMI® improved compared to the previous month, indicating slower contraction.
  • Output/Consumption (measured by the Production and Employment indexes) was positive, with a combined 4.4-percentage point upward impact on the Manufacturing PMI® calculation.

Allied Corp Signs Joint Venture With Blueberries Medical Corp. to Expand Product Offering and Bring Derivative Products to Global Markets

Retrieved on: 
Wednesday, April 26, 2023
Allied Corporation, OTC, Drug, Blueberry

By combining Allied’s expertise in producing premium quality flower with Blueberries’ leading extraction facilities, the companies will join forces in sales effort, while optimizing production capabilities.

Key Points: 
  • By combining Allied’s expertise in producing premium quality flower with Blueberries’ leading extraction facilities, the companies will join forces in sales effort, while optimizing production capabilities.
  • In addition to offering large volumes of cannabis flower from Colombia, Allied will now be enabled to offer high-quality derivative-based products within markets it currently distributes and expand its global presence.
  • Allied's relationships with international partners are based on sustainable, long-term agreements that were designed with the Allied Inside™ supply chain in mind.
  • “We are excited to partner with Blueberries to offer derivative products to the global markets that we are currently working in and beyond.” said Calum Hughes, CEO and Chairman of the Board.