Despite overseas struggles, US economy continues to expand
Manufacturing is the strongest its been in years, according to recent numbers released on the growth of the US economy. The numbers are especially impressive when including the context of the lagging global economy. Shobhana Chandra of the Columbia Daily Herald reports on the situation, noting that a flourishing job market and plummeting oil prices are buoying the United States despite rapidly diminishing demand from nations across the pond.
The Federal Reserve released statistics showing that the world's most powerful economy got a 1.3 percent bump in November. Production of goods experienced its greatest upswing in nearly two decades. Manufacturing specifically rose 1.1 percent, the highest since February. Nearly all industries other than oil-drilling enjoyed similar spurts last month, indicating a healthy overall economy.
These signs are promising, and could forecast momentum and further growth in 2015, experts say. "With consumer demand and business demand strengthening together, it is self-reinforcing . . . The gain in production sets us up for a solid pace of growth next year," said Laura Rosner, a U.S. economist at BNP Paribas in New York.
So what can your business do to maintain pace with the recently burgeoning manufacturing marketplace? It's becoming ever more important that business operations are as lean and frugal as possible so that services can remain competitive. That's where ERP comes in.
At Accent Software, we have over ten years of experience with the industry leader in small and mid-sized business ERP, Microsoft Dynamics NAV, and understand what it takes to customize manufacturing software to each company's needs. Get in touch with us if you're looking for effective and affordable business management software solutions.