US Manufacturing Sector Continues to See Positive Growth
At Stam we’re always keeping a close eye on the industry and recently we saw that US manufacturing continues to expand. According to the Institute for Supply Management, which conducts a survey of the market each month, found that the indexed increased to 52.8 in May after holding at 51.5 in March and April. Another indicator of the manufacturing sector is Markit’s flash reading, which was 54.0 in May compared to the reading of 53.8 in April. Markit stated that the May data shows further expansion of the manufacturing sector with new orders and employment both rising.
In our own state of Ohio we have also been seeing more manufacturing growth. Just a few months ago the president announced that Cleveland would become a manufacturing hub. The initiative will help bring in new investment in manufacturing and technology to help foster a stronger manufacturing sector.
Our company has been staying busy as well as we continue to produce tubes for an array of industries, including oil and gas, sanitary and food equipment, and military and defense. To learn more about our tube bending services and to view examples of our work, visit our website. We also provide more manufacturing news and company updates on our Facebook, Twitter, LinkedIn, and Google+ pages.