Year-Over- Year Growth in Manufacturing Production by Sector- NAM
While manufacturing growth remains essentially level, certain sectors served by the proecision machining industry grew nicely in the year ending in April 2016.
While manufacturing growth remains essentially level, certain sectors served by the proecision machining industry grew nicely in the year ending in April 2016.
The Institute for Supply Management Purchasing Managers Index (PMI) for the manufacturing sector dropped to 48.6 in November from an October reading of 50.1. The reading, below 50% indicates contraction. This month’s reading was the lowest since the end of the Great Recession in June 2009. The employment index was at 51.3%, up from 47.6%…
Manufacturing matters. US Top 10 manufactured goods exports are a veritable Who’s Who of precision machining markets served. List of Top 10 manufactured goods exports are presented with data on values and growth rates.
Four of the top five manufacturing sectors by added employment were key markets served by precision machining. If you are looking for well paying interesting career, consider precision machining.
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.
Underperforming at best, soft orders and fragile global economy keep U.S. manufacturing growth stymied, up just 0.2 percentage points from September.
Bottom Line: almost a quarter million net new manufacturing jobs have been added so far in 2011 in manufacturing areas directly related to proecision machining.
Manufacturing, not politicians, is leading this recovery in jobs.
The latest ISM survey of Manufacturing shows seven consecutive months of manufacturing recovery.