Manufacturing Touts One Year of Growth

For a while now we have been highlighting the successes of various manufacturing companies and their suppliers. Amidst the caution still out there, it seems as though the continuous growth of the nation's manufacturing sector might really be a positive sign for our economy. For a solid year now, the manufacturing sector has seen continued growth and more companies now say they are ready to hire.


While the growth has slowed over the past few months, measures of production and new orders are still growing which signals future business. The industry experienced strong growth last year because companies were restocking after the recession. Although manufacturing only accounts for about a fifth of our economic activity, it is still good to hear that sustained growth is occurring in an otherwise down economy. 


"The July report suggests that manufacturing will grow for the rest of the year, and more quickly than the broader economy, said Dan Meckstroth, chief economists for the Manufacturers Alliances/MAPI, an industry association," reported the AP. This doesn't mean a necessary creation of new jobs, though, as manufacturing companies continue to invest more money on processes than people.


Investment in technology to help companies grow when customers are spending less is still important at this point in time. Companies need to continue to lean out their processes and become more efficient not only to do more with less but prepare for the continued growth but limitation of additional staff.


Learn more about technology to help create efficiencies in manufacturing.
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