Economy

CERATIZIT S.A., Mamer, Luxembourg, 23 August 2018--Under the auspices of its marketing partnership with Messe Stuttgart, the CERATIZIT Group has obtained the right to choose a name for Hall 3 on the trade fair grounds for the next 10 years.

CLEVELAND, OH—August 28, 2018—The National Tooling and Machining Association (NTMA) announced today the appointment of Dean Bartles, PhD as its new President.

A close look at the performance of America's top manufacturing companies reveals a surprising story of industrial growth. It also suggests an alarming future.

Kelsi Maree Borland writes that e-commerce has become the principal, or at least the most fervent, driver of industrial activity in the United States and particularly in Southern California, which is home to some of the country’s tightest industrial markets. While e-commerce dominates U.S. industrial activity, manufacturing activity is still booming—south of the border. Mexico has picked up much of the industrial manufacturing business, and as a result the north Baja industrial region is seeing record-breaking stats.

China’s capital, Beijing, will shut about 1,000 manufacturing firms by 2020 as part of a program aimed at curbing smog and boosting income in neighboring regions, state media said. Beijing will focus on dynamic, high-tech industries and withdraw from “ordinary” manufacturing, reported the People’s Daily, a Chinese Communist Party newspaper, citing a recent policy document published by the Beijing municipal government.

Terry Iverson, a machine tool industry veteran, is on a quest to change the perception of the American manufacturing workforce landscape. The manufacturing floor is not what it once was. Computerized, clean and automated cells have emerged in the market and need an entirely new level of shop expertise.

U.S. manufacturing is not in decline but alive and well, producing record levels of output in recent quarters despite significant price deflation for manufactured goods. No other sector of the U.S. economy delivers greater value to American consumers than manufacturing when it comes to providing more and more output at prices that have declined annually by 2.64 percent in real inflation-adjusted terms over the past quarter century.