Start driving decisions with machine data.
Categories:

    There have been a lot of reports lately about the manufacturing industry. 

    Is it in a recession? Is it fine? Is the outlook actually really great? What should you believe?

    Here are two opinions about where the industry stands. 

    The Wall Street Journal

    The Wall Street Journal claims that the state of manufacturing is no longer a "bellweather" of the American Economy. 

    They said, "Because factory production is volatile and sensitive to shifts in demand, it often starts to contract before the rest of the economy, the thinking goes. But that link may be weaker now that manufacturing firms make up a smaller share of the economy and the labor market, economists say."

    Despite that claim, even the Wall Street Journal still says that manufacturing is incredibly important for the economy. 

    Industry Week - It's Stabilizing

    Reports have come out saying that manufacturing had taken a downturn, but Industry Week says it's stabilizing. Manufacturing activity was not expected to improve in the month of October - but it did!

    They reported, "The IHS Markit manufacturing Purchasing Managers’ Index rose to 51.5 from a final September reading of 51.1, according to a preliminary October report issued Thursday that matched the highest estimate in Bloomberg’s survey of economists."

    No matter what you see in the news, we can all agree that manufacturing is a vital part of America's economy. Jobs are open, technology is improving, and we expect to see great progress with Industry 4.0. 

    Comments

    Leave a comment

    Subscribe to our mailing list

    Related posts

    Why additive manufacturing is growing in popularity

    Why additive manufacturing is growing in popularity

    Additive manufacturing is becoming increasingly popular.  Why is that? For starters, because it's versatile and can work for so many different types of manufacturing companies.  That is not the only r...

    Manufacturing News
    How will the Coronavirus impact manufacturing?

    How will the Coronavirus impact manufacturing?

    The new outbreak of Coronavirus could cause more than just global health impacts.  It could actually affect economics and manufacturing around the world.  Here are a few reasons why. Factory Shutdowns...

    Manufacturing News
    A look back in manufacturing and technology

    A look back in manufacturing and technology

    It’s 2020 - a new decade!  While we are often looking forward to the future in this industry, it’s also important to look back at where we came from.  Here are a few incredible successes from the last...

    Manufacturing News
    Two trends in sustainable manufacturing

    Two trends in sustainable manufacturing

    Sustainable manufacturing is still a big topic in this industry! Everyone is talking about how to be greener and more efficient.  Going green is not only good for the earth, it could be great for your...

    Manufacturing News
    Three predictions for manufacturing in 2020 and beyond

    Three predictions for manufacturing in 2020 and beyond

    2020 is officially here! Happy New Year! With the turn of the century comes new predictions for what will happen next in manufacturing.  Here are three! 1. Wearables The use of wearables in the manufa...

    Manufacturing News
    A crash course in automated metrology

    A crash course in automated metrology

    As manufacturing changes, so are manufacturing terms! New vocabulary is constantly being created in this field as it becomes more advanced. Have you heard of automated metrology yet? Quality Magazine ...

    Manufacturing News
    Recent manufacturing metrics for the US and China

    Recent manufacturing metrics for the US and China

    In global manufacturing news, metrics show that manufacturing in China is expanding. Meanwhile, numbers show that the US manufacturing market contracted last month.  This news is especially interestin...

    Manufacturing News
    How manufacturing is working toward sustainability

    How manufacturing is working toward sustainability

    Many manufacturing companies are jumping on the eco-friendly train and trying to reduce their impact on the environment.  CSO Magazine said, "It’s clear then that CEO activism to meet the consumer eco...

    Manufacturing News
    Who is most likely working with AI in manufacturing?

    Who is most likely working with AI in manufacturing?

    We know that AI is affecting how manufacturing companies operate, but how is it affecting jobs specifically? Who is it affecting? It's actually somewhat complicated to measure. A Brookings report on t...

    Manufacturing News
    Two reasons why manufacturing isn't in a recession

    Two reasons why manufacturing isn't in a recession

    The manufacturing industry, like any other, will have ups and downs. Recent reports on the state of manufacturing have been very negative, but calling it a recession is likely over the top. These repo...

    Manufacturing News