Newsletter Masthead
 
June 2010
 The Status of American Manufacturing 
 
Manufacturing has been a leader in the economic recovery as demand from abroad strengthened and manufacturers picked up production and spending to meet demand after a record drawdown in inventories in 2009.
 
Current Status of American Manufacturing
 
  • Factories added 101,000 workers to payrolls in the first four months of the year
  • The Institute of Supply Management’s (ISM) employment gauge climbed to 59.8, the highest level since May 2004.
  • ISM’s measure of exports increased to 62, the highest since December 1988.
  • Nondefense new orders for capital goods in April increased $5.5 billion or 9.2 percent to $66.1 billion.

Trends in American Manufacturing
 
  • Manufacturing's share of the US economy has dropped to 12 % of GDP from the high of 28.3 percent in 1953, after WW II.
  • Manufacturing employment has fallen to 9.25% of US Employment from 26.5% in 1969.
  • From 2000 to 2008, the U.S. share of global output fell from 31 % to 27 %.
  • Commercial shipbuilding and consumer electronics industries have largely disappeared since the 1980s, while U.S. steelmakers now account for only 7 % of global output (compared to 38 % for Chinese steelmakers).
  • The migration of manufacturing overseas is not confined to traditional metal-bending activities: the pharmaceutical industry is now incapable of manufacturing antibiotics such as penicillin without supplies from China.
 Manufacturing Jobs % Decline
 
Issues Facing the Future of American Manufacturing
 
  • The European debt crisis creates a stronger dollar and the potential for slower demand from Europe potentially slowing U.S. exports.
  • America’s annual trade deficit has increased from $380 billion at the beginning of the decade to well over $700 billion today.
  • China’s growth rate averaged about 10 percent annually throughout the decade partially due to Chinese currency manipulation keeping cost of their goods artificially low.

Ben Moore
Agent Technologies, Inc.

 

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The Consumer's Workshop: the future of American manufacturing
 
The Consumer's Workshop: The Future of American Manufacturing is a hand book on how to setup the systems within your company and create the workforce you need to be successful now and in the future.  Written by authors that have worked at some of America's largest manufacturers, founded their own manufacturing organizations and helped numerous small manufacturers grow.
 
The Consumer's Workshop: The Future of American Manufacturing is a must read for today's business leaders.  It is insightful and provocative in its approach to where US manufacturing has been, how manufacturing got into the troubles it faces today and what we need to do to become the standard for world class once again.  If we want to know how to regain that competitive edge once again, the roadmap is certainly the pages of The Consumer Workshop.

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Book The Consumer's Workshop is an extremely timely review of how manufacturing strategy developed in the past
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In This Issue

The Status of American Manufacturing

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Manufacturing Statistics June 2010

 

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Manufacturing Statistics 
 
1) Industrial production increased 0.8 % in April 2010. Manufacturing output climbed 1.0 % in April for a second consecutive month and was 6.0 % above its year-earlier level.  Source: Federal Reserve Board

2) Total nonfarm payroll employment grew by 431,000 in May including 411,000 temporary Census Workers. However, Manufacturing did add jobs in May 2010.  Source: Bureau of Labor Statistics

3) Manufacturing Trade Deficit increased to $40.3 billion in April on exports of $148.8 billion and imports of $189.1 billion.  Sources: Census Bureau, Bureau of Economic Analysis

4) New orders for manufactured durable goods in April increased $5.6 billion or 2.9 percent to $193.9 billion.  Fourth increase in the last five months.  Source:Census Bureau 

5) Inventories of manufactured durable goods in April increased $1.9 billion or 0.7 percent to $301.4 billion.  Source: Census Bureau 

 

 
   
 
 
 
 
Agent Technologies, Inc.
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