Industry Trends & Analysis

Economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 100th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The September PMI was 60.8 percent, an increase of 2 percentage points from the August reading of 58.8 percent. This indicates growth in manufacturing for the 13th consecutive month and is the highest reading since May 2004, when the index registered 61.4 percent.

Join thousands of manufacturers Oct. 6 as they open their doors to show modern manufacturing in action and inspire the next generation of skilled workers. Manufacturing Day is an annual celebration in which manufacturers invite their communities—including students, educators, businesspeople, media and politicians—to facilities in a collective effort to educate visitors about manufacturing career opportunities and improve public perceptions of manufacturing.

Nowhere will you find more gold — i.e., profits — than by streamlining redundant or antiquated plant operations, according to Phillip Canipe, whose job it is to eliminate waste and redundancy at manufacturing plants.

The boost in productivity that the latest cutting tools provide enables manufacturers to reduce the amount fracking companies pay for parts.

Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 99th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. At 58.8 percent, the August PMI showed an increase of 2.5 percentage points from the July reading of 56.3 percent.

Additive manufacturing developer HP Inc. and professional services company Deloitte together will work to accelerate the digital reinvention of the $12 trillion global manufacturing industry. The two companies will collaborate on the implementation of HP's 3D printing systems in large-scale manufacturing environments, applying their digital operations experience to help enterprises accelerate product design and production, create more flexible manufacturing and supply chains, and enhance efficiency across the manufacturing lifecycle.

Contrary to some politically motivated hyperbole, manufacturing is alive and well in the United States. While it is true there are far fewer manufacturing jobs in America, there are multiple reasons for that—it's not solely about manufacturers seeking cheaper labor overseas.

Economic activity in the manufacturing sector expanded in July, and the overall economy grew for the 98th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. At 56.3 percent, the July PMI shows a decrease of 1.5 percentage points from the June reading of 57.8 percent.

Growth in China's manufacturing sector slowed marginally in July, reinforcing expectations that the world's second-largest economy will cool in coming months as borrowing costs rise and regulators clamp down on riskier types of financing. The official Purchasing Managers' Index stood at 51.4 in July, down from the previous month's 51.7 but still well above the 50-point mark that separates growth from contraction on a monthly basis. Analysts surveyed by Reuters had forecast that the reading would come in at 51.6, little changed from June.

Without irony, Wal-Mart Stores on Wednesday outlined its recommendations to improve the U.S. manufacturing sector, writes Steve Goldstein for MarketWatch. "Wal-Mart could arguably be said to be a contributor to the demise of U.S. manufacturing, with its rapacious sourcing of consumer goods from China as it became the nation's dominant retailer. A 2015 estimate from the Economic Policy Institute, a left-leaning think tank, said Wal-Mart's trade deficit with China had displaced more than 400,000 U.S. jobs."

Driven by improving demand and steady global economic recovery, Taiwan's manufacturing output in terms of revenue is expected to grow 3.87 percent to NT$17.54 trillion (US$576 billion) this year, said the Industrial Technology Research Institute's Industrial Economics and Knowledge Center. Meanwhile, IEK said that in value-added terms, Taiwan's machine tool industry is the worst-performing segment behind all other segments of the manufacturing sector.

Peak oil demand is in the news. In a May Wall Street Journal article, for instance, authors Lynn Cook and Elena Cherney stated, "The world's largest oil companies are girding for the biggest shift in energy consumption since the Industrial Revolution: After decades of growth, global demand for oil is poised to peak and fall in the coming years."