Manufacturing joins the economic slowdown
New data shows slump in manufacturing production, growth
The global economic crisis had the predictable impact on manufacturing this month. USA Today reports that a trio of economic reports paint a bleaker picture of manufacturing output and growth. The Manufacturers Alliance/MAPI report puts manufacturing output at its lowest level since 2001. And with more plant closures -- real and rumored -- it's been a tough month fror a sector that economists have been reasonably pleased with in the past.
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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