Study: manufacturing at high point
Any positive trends in the broader context of the industry is always worth taking note of, and businesses that employ manufacturing software to better facilitate their operations received a bit of good news today: manufacturing is on the rise.
According to a recent Bloomberg BusinessWeek report, unemployment insurance requests are down the lowest they've been in over four years, and the amount of factory work shot up well above the predictions of specialists, with employment rates also looking promising.
The information specifically comes from data gathered by the Institute for Supply Management. Each month, it releases its statement on how manufacturing fared based on performance from the month previous, and the most recent data shows the factory index level to be above 55, the highest its been all year. In addition, Bloomberg noted that the overall unemployment rate dropped by .1 percent.
The article quoted an economist named Ted Wieseman as identifying the current economic period as one of recovery with more possible growth on the way.
"The uncertainty about the economy has diminished, and that is starting to be seen as businesses pick up hiring and pick up investment plans," he said. "We are still going to have the lingering effects of sequestration in the third quarter, but the steady healing in private-sector demand is becoming more pronounced."
With conditions potentially prime for expansion and further development, it falls to your business to ensure that you have the tools in place to secure high performance, including software for manufacturing. Having it installed and in place can make the later cultivation of your production easier for all involved.