Featured Stories

Categories

The current strength of manufacturing in the United States

Graham Immerman
January 30, 2019

The manufacturing index dropped in December 2018, but Forbes still argues that the industry is stronger than you think. They said, "Manufacturing activity keeps expanding, albeit at a slower pace. And innovations in manufacturing technologies have just started to boost the efficiency and competitiveness of U.S. manufacturers - which might help explain the stabilization in export orders in a weaker global growth environment." There were a few drops last year that rebounded just fine. Don't write off manufacturing just yet, there is still a lot of growth left! 

U.S. Manufacturing Can Take The Punches - It Is Stronger Than You ThinkSource: http://www.forbes.com

The December drop in the ISM (Institute for Supply Management) Manufacturing Index seemed to bring the bad news that many feared and yet wanted to seeā€”like a scary scene in a horror movie. The one-month fall was eye-catching: 5 percentage points, the sharpest since the end of 2008. It lined up well with concerns over weakening global growth and subpar stock market performance. It bolstered fears that the trade war with China has started to take a toll on U.S. economic activity. And it provided fuel to the argument that the Fed should stop hiking interest rates. Economists in investment banks and research institutes will be busy updating their recession probability models. Read More

Comments

Related posts

The latest in manufacturing fashion
12Apr

The latest in manufacturing fashion

Did you know that there was an industrial wearable fashion show recently? Industry Week said, "The ensembles we showed off at our inaugural fashion won't turn heads on a Parisian catwalk, but the safe...

Being a good leader through change
04Apr

Being a good leader through change

Leading is hard, and leading your company through an industry shift can be very difficult. Find the right balance with your time between managing day-to-day improvement and working on strategies for t...

Attract new employees from unexpected places
27Mar

Attract new employees from unexpected places

With the current skills gap, many manufacturers are trying to find ways to attract more talent.  The group of people to target might be younger than you think! Reaching middle school and high school s...

How AR is still making waves
25Mar

How AR is still making waves

Augmented reality has been making waves for a few years now, but it will continue to change the manufacturing industry in the future. Industry Week said, "In the next five years, we will be looking at...

Manufacturing summer camp?
20Mar

Manufacturing summer camp?

Summer camp is a favorite memory for many people, but the topic usually reminds us of canoes and campfires. Have you ever heard of a manufacturing summer camp? Industry Week said, "Camps allow student...

Manufacturing industry still looking up
15Mar

Manufacturing industry still looking up

Optimism is a powerful thing. Industry Week reported, "For the nine consecutive quarters, manufacturers like what they see. In the first quarter of this year, 89.5% of respondents to NAM's Manufacture...

The history of the hard hat
13Mar

The history of the hard hat

Industry Week reported on the 100th anniversary of the hard hat. They said, "Bullard, the son of a mining equipment supplier, was inspired by the metal helmets doughboys wore to deflect the hail of bu...

What you can learn from a high schooler about attracting young talent
11Mar

What you can learn from a high schooler about attracting young talent

With the current skills gap in manufacturing, everyone is trying to attract young talent!  One high school student said that she still had a very old view of manufacturing. She thought jobs in manufac...

Manufacturing strike in Pennsylvania
08Mar

Manufacturing strike in Pennsylvania

There is a strike in Pennsylvania involving almost 2,000 manufacturing workers.  Huff Post reported, "Union members with the United Electrical, Radio and Machine Workers of America (UE) say the factor...

3D printing
01Mar

3D printing "growing up"

IndustryWeek says 3D printing is growing up. They said that the widespread use of this technology is, "Just another example of continuous improvement methods that some companies have recognized to rea...