US Manufacturing Industry Continues to Grow

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Over the past year, the manufacturing business sector has continued to expand and provide jobs to many Americans. Globally, the US manufacturing recovery continued to power ahead, with the rate of expansion the fastest in over seven years.

Citing the latest Manufacturing ISM Report On Business®, economic activity in the manufacturing sector expanded in March for the 20th consecutive month, and the overall economy grew for the 22nd consecutive month. For March, the Purchasing Manufacturer’s Index (PMI) registered at 61.2 percent.

“The recent trend of rapid growth in the manufacturing sector continued in March, as the PMI registered above 60 percent for the third consecutive month. The component indexes of the PMI remain at very positive levels and signal strong sector performance in the first quarter, “said Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee.

“While manufacturers are benefiting from strength in new orders and production, there is significant concern with regard to commodity prices. Many manufacturers indicate the prices they have to pay for inputs are rising, and there is concern about the impact of higher prices on their margins,” he added.

Of the 18 manufacturing industries, 15 are reporting growth in March, in the following order: Apparel, Leather & Allied Products; Transportation Equipment; Fabricated Metal Products; Machinery; Textile Mills; Computer & Electronic Products; Furniture & Related Products; Electrical Equipment, Appliances & Components; Food, Beverage & Tobacco Products; Paper Products; Petroleum & Coal Products; Chemical Products; Plastics & Rubber Products; Miscellaneous Manufacturing; and Printing & Related Support Activities.

Currently, Corporations4Sale represents numerous companies involved in these areas:

Admittedly, manufacturing businesses are trying to assess if their business will be affected by the recent events that have transpired in Japan. But as you might now know, the manufacturing industry is one of the most resilient sectors. This has served to be one of the strongest points as to why it continues to present such attractive acquisition opportunities time and time again.

Sources:

http://www.ism.ws/about/MediaRoom/NewsReleaseDetail.cfm?ItemNumber=21283

http://online.wsj.com/article/SB10001424052748703806304576236560046650934.html

http://ism.ws/files/ISMReport/JPMorgan/JPMorganMfg040111.pdf

 

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One Response to “US Manufacturing Industry Continues to Grow”

  1. [...] For the past months, the manufacturing industry has remained strong and continues to grow. Citing the latest Manufacturing ISM Report On Business®, economic activity in the manufacturing sector expanded in March for the 20th consecutive month (for more info, read US Manufacturing Industry Continues to Grow). [...]

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