New orders for machine tools and related technology fell slightly in October, according to the Association for Manufacturing Technology’s (AMT) latest U.S. Machine Tools Orders (USMTO) report. Manufacturing technology orders came in at $327.4 million for October, falling 0.3% from September.However, these numbers represent the second-consecutive monthly increase in order volumes – an encouraging detail during a 15-month slump in overall...
According to the upcoming 2016 Global Manufacturing Competitiveness Index report, the U.S. is anticipated to be the single-most competitive manufacturing nation over the next five years. The top 11 countries for manufacturing will be consistent through 2020 (with some exchange of rankings), reports a Business Facilities article covering the data.While China and the U.S. are expected to retain the top two spots, Germany and Japan will stay...
According to a recent MarketWatch article, the Chicago manufacturing purchasing manager’s index (PMI) fell 7.5 points to 48.7 in November from 56.2 in October.  Other findings show a drastic 15.3-point decrease in new orders that pulled down the headline index below the 50 mark that separates expansion and contraction. The combination of a strong dollar, weak oil prices, and dull global demand contributed to the area’s sixth...
According to the latest Market Watch article, U.S. manufacturing activity reached a 25-month low in November. The flash manufacturing purchasing managers index (PMI) from Markit dropped to 52.6 from 54.1 in October - with all five of the PMI elements deteriorating, reports the article.The month’s rise in input buying marked the lowest reading since January 2014 as stocks of finished goods fell for the fourth consecutive month.Despite the...
According to the latest Marketwired article, 86% of manufacturers see the shift from product-centric to service-oriented revenue models as an essential part of their growth strategies. The payoff for an average $20 billion manufacturing firm that makes the “digital business transformation” stands to profit upwards of 12.8% over the next three years, reports the article. Making a good product isn’t enough today, as companies are...
According to the latest MCADCafe article, manufacturing technology orders grew in September but fall short year-over-year.  Orders saw a monthly increase of 10.9% from August, reports the article. However, orders are down 16.6% for the first three quarters of 2015 compared to the previous year, says the Association for Manufacturing Technology report mentioned in the article.The decline for manufacturing technology orders will spill...
According to the latest Reuters article, U.S. manufacturing activity declined in October for the fourth consecutive month. The national manufacturing index dropped to 50.1 in October from a reading of 50.2 in September, as noted in the Institute for Supply Management (ISM) report mentioned in the article. However, a reading above 50 signifies expansion in the manufacturing sector, the article says.The employment index also fell to 47.6 –...
According to a recent PR Newswire article, the U.S. telehealth market is forecasted to reach $2.8 billion by 2020. Creating more accessible basic healthcare and improving healthcare quality and patient safety by early detection and diagnosis are major goals of telehealth, according to Grand View Research Inc.’s “U.S. Telehealth Market Analysis, by Product, by Delivery Mode, by End-Use and Segment Forecasts to 2022” report covered in the...
According to the latest American Machinist article, U.S. machine shops and other manufacturers consumed cutting tools totaling $168.8 million in August 2015, resulting in a 5.1% decrease from July 2015. The data also signifies a 2.0% drop year-over-year from August 2014’s numbers, says the Cutting Tool Market Report (CTMR) presented by the U.S. Cutting Tool Institute and Association for Manufacturing Technology (USCTI), covered in the...
According to the latest Business 2 Community article, Millennials are one of the greatest generations to change the landscape of the workforce. Nearly 50 million Millennials (young adults ranging from 18-to-34-year-olds) are currently working in the United States, making up a third of today’s labor force, according to Young Invincibles' “Where Do Young Adults Work?” data covered in the article.The report shows manufacturing is favored among...

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