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Manufacturing Stats Continue to Rise


Written By: Brenda (B.K.) Walker

Sources report that statistics focusing on the manufacturing industry continue to rise. Whatever the buzzword that politicians and economist enjoy using, Reshoring, Offshoring, or Outsourcing, word on the manufacturing front continued to remain positive as 2013 closed out. This is good news for American job seekers as well as consumers.

According to a January 2014 report released by The Institute for Supply Management (ISM), from June 2013 through December 2013, increases in activity continued in the manufacturing industry. Further, ISM reports, "over-all" continued economic growth for 55 months straight. This is positive, despite a slight dip in December 2013, 57 percent, from November 2013, 57.3 percent.

Quick Overview (according to the January 2014 ISM report for December 2013)

  • New Orders Index-64.2 percent
  • Employment Index-56.9 percent
  • Manufacturing industries reporting growth (in order of the ISM report)
    • Furniture and Related Products
    • Plastics and Rubber Products
    • Textile Mills
    • Apparel, Leather, and Allied Products
    • Computer and Electronic Products
    • Paper Products
    • Transportation Equipment
    • Primary Metals
    • Fabricated Metal Products
    • Wood Products
    • Printing and Related Support Activities
    • Food, Beverage, and Tobacco Products
    • Miscellaneous Manufacturing
  • Manufacturing industries reporting decreases in activity (in order of the ISM Report)
    • Nonmetallic Mineral Products
    • Machinery
    • Chemical Products
    • Electrical Equipment, Appliances, and Components

The Wall Street Journal quoted Bradley J. Holcomb, ISM's Chairman, as saying:

"I don't see any weaknesses. I see a good, strong, balanced report...and a very promising start for 2014."

"We see overall very little...noticeable impact from those problems." (Referring to the October 2013 government shutdown and fiscal concerns associated with the shutdown). "...hopefully Washington is listening more and will work hard to resolve [them] before they become problems."

It appears the continued cries from concerned Americans for industry leaders to bring their operations back to the United States are being heard. The outlook for 2014 is a hopeful continuation of growth within the manufacturing industry as well as within the totality of the U.S. economy.

 

 
   
       
 
       
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