According to the latest NJBIZ article, manufacturers contributed $2.09 trillion to the U.S. economy in 2014 (the most recent available data) – a number that has steadily risen since 2009. Other ways the article reports small-and mid-sized manufacturing companies significantly influence the U.S. economy include:For every single dollar spent in manufacturing, another $1.37 is added to the U.S. economy – the highest multiplier effect of any...
According to the American Association for the Advancement of Science, millions of jobs could be lost to robots in the next 30 years. When job creation in the U.S. manufacturing sector peaked in the mid-1980s, automated systems caused contraction in employment levels, reports a recent redOrbit article covering the results.There are currently more than 200,000 industrial robots in the U.S. – with rapid growth in the near future, says the...
According to the latest WTSP 10 News article, Mexico is anticipated to build one in four cars in a North American industry of 18.6 million units. Of the cars built in North America in 2015, Mexico produced about one in five – or double the rate from 2004, as reported by WardsAuto in the article.Mexico is a “massive untapped market” set to grow by another 1 million to 2 million vehicles a year. The supply base there has also improved its...
According to the latest Reuters article, the Institute for Supply Management (ISM) said its index of national factory activity increased 0.2% to 48.2 last month but consumer spending remained flat.  Last month, more companies reported a growth in orders and production, the article says. Inventory levels and order books seemed to be stabilizing.A separate Market report showed signs of manufacturing rebounding, with the U.S....
According to market research publication Reportstack, the 3D printing market is anticipated to reach $17.2 billion by 2020. The printers sector is set to grow at a compound annual growth rate (CAGR) of 29% and is expected to make up $6.48 billion of the total forecasted revenue by 2020, reports a recent WhaTech article covering the data.A shift from designing prototypes to creating end-user products across industries like aerospace,...
According to Grand View Research Inc., the global medical outsourcing market is anticipated to reach $62.6 billion by 2022. Increasing price competition and the demand for reduced production costs are expected to drive the medical device outsourcing market, reports a recent EconoTimes article.Drastic budget cuts in major European and U.S. markets are challenges faced by medical devices manufacturers, the article reports. Rising pressure to...
According to the Bureau of Labor Statistics (BLS), manufacturing employment is expected to shrink at an annual rate of 0.7% through 2024.  The manufacturing sector is predicted to lose 814,000 jobs while industries relating to healthcare, social assistance, construction, and mining are expected to witness solid job growth, reports a recent Product Design & Development article covering the BLS findings.There will be a predicted 11.3...
According to the latest FX Street article, experts believe the December U.S. ISM Manufacturing Index will drop from 48.6 to 48.1.  The expected decrease will represent the lowest reading since the recession and is consistent with the dismal tone in the wide array of regional PMIs, the article reports.The findings align with other data that indicates a contracting manufacturing sector. The December PMI came in at 51.2, reports a recent...
Despite recent reports on the state of U.S. manufacturing, the Federal Reserve Bank of Dallas reflected a production index that rose to 13.4 in December.  As noted in a Wall St. article on the Dallas Fed Manufacturing Survey, the production index – up from 5.2 in November – is indicative of stronger output growth into the future.The article states, however, that general manufacturing activity dropped to negative 20.1 in December, down from...
According to a recent Trading Economics article, Markit’s U.S. Manufacturing PMI fell to 51.3 in December from 52.8 the previous month.  This number reportedly represents the lowest figure since November 2012, with new order growth remaining the weakest since September 2009 and production volumes rising the least since October 2013.As noted in a Seeking Alpha article covering the December PMI, the numbers indicate U.S. factory activity is...

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