Shipments drop, but overall still strong
Shipments in the overall manufacturing industry dropped 0.4% from April to May to $335.5 million, but still appear strong compared to year-earlier levels. During the 12-mo period from June 1997 to May 1998, shipments grew by 5.
Shipments in the overall manufacturing industry dropped 0.4% from April to May to $335.5 million, but still appear strong compared to year-earlier levels. During the 12-mo period from June 1997 to May 1998, shipments grew by 5.1% over the previous 12-mo period. Shipments of durable goods have endured positive growth since March 1992, and accomplished 7.5% growth over the last year. INDUSTRIAL SHIPMENTS
Actual value, million $ (seasonally adjusted)
Annual change, %
May 1998 1997 1998*
Total mfg shipments 335.5 5.7 3.1
Mfg shipments, nondurable 148.7 3.4 1.2
Mfg shipments, durable 186.8 7.7 5.4
Industrial machinery & equipment 36.7 7.4 4.6
Instruments & related products 13.3 7.9 6
* Forecasts by Cahners Economics
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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