Manufacturing, economy remain healthy, report says
Economic activity in the manufacturing sector grew in June for the 37th consecutive month, while the overall economy grew for the 56th consecutive month, says the latest “Report on Business” from the Institute for Supply Management.
“Manufacturing growth continued in June, and although the rate of growth slowed slightly, renewed strength in June’s new orders index provides encouragement for the third quarter,” said Norbert J. Ore, chair of ISM. “While energy and raw material prices are still a concern, our members indicate that they are coping with the challenges and see their businesses in a continuing growth mode.”
The full report is available at www.ism.ws .
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey