Manufacturing- Best Described as Flat
GRwoth in Manufacturing slowed in April 2013 as the PMI fell 0.6 percentage point to 50.7. Flat is the best way to describe manufacturing outlook at this time.
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Labor Participation Rate- Even HUFFPOST Figures It Out!
The labor participation rate fell to 66.3 percent it’s lowest level in 34 years! Even the Huffington Post has figured out that this is a structural unemployment problem.
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February 2013 ISM PMI Increases to 54.2
The Institute for Supply Management (ISM) reported that its summary Purchasing Managers’ Index (PMI) increased 1.1 points, for a February reading of 54.2. That is certainly in agreement with PMPA’s Business Trends Report for January 2013 which showed a record rise of 41% over December 2012 sales levels, which were quite low.
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PMPA Business Trends 2012 Review and Summary
Despite a great start for sales in the industry at the beginning of the year, the special causes of the uncertainty leading up to the election and the ‘Fiscal Cliff’ took the wind out of our sales, resulting in PMPA’s 2012 Business Trends Index barely equalling that of 2011.
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December ISM Manufacturing Report- Mixed Message
While manufacturing is back in expansion mode according to the December 2012 ISM PMI Report, Fabricated metals, of which precision machining is a component, and four of our important markets-Transportation Equipment, Machinery, Electrical Equipment, and Appliances and components remained in decline in December. The Important New orders component of the survey also remained unchanged.
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The Future of Your Business in 8 Bullet Points
Scarier than a Stephen King Novel, this free 12 page pdf from NAM lays out the dramatic impacts of the perfect storm of sequestration, federal spending cuts, and new taxes on our manufacturing businesses. Buckle up!Download this to your iPad or e-reader for that plane ride home…
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Highest and Best Use, the Family Silver, Loblaw’s, Organizational Change
“What is the highest and best use of our assets? Are they adding value to our lives? Creating lasting memories and helping us achieve what we want to with the people we love?”
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Cost of Government Day 2012
The day on which the average American has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state, and local levels is called the Cost of Government Day. For 2012 the Cost of Government Day was last Sunday, July 15. 197…
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Future of Manufacturing- Age and Education Impacts
Since 2007, manufacturers have added more educated workers while eliminating less skilled / less educated positions. Increasingly employers are looking for credentials for skills rather than 2 and 4 year degrees. As the baby boomer cohort leave the workforce, there are currently not enough under 25 and 25- 34 year olds to make up for their loss. This means that not only will productivity increases have to continue, but also that we need to really make an effort to bring 34 and under people into our skilled workforce in manufacturing.
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Reasons We Are Optimistic For Precision Manufacturing in 2012
PMPA Business Trends Index up 6 points in March, could portend year end average up 10% for shipments of manufactured goods from our shops.