IQMS Blog for Manufacturing ERP Expertise

Washington D.C. Week in Manufacturing – May 6, 2015

Posted by IQMS Manufacturing ERP Software on Wed, May 06, 2015 @ 09:42 AM

Energy Efficiency Improvement Act Signed Into Law
Manufacturers use almost 30 percent of the energy consumed in the U.S. and need to be more energy efficient in order to continue to be competitive in a global economy. The President helped make that efficiency easier to achieve when he signed into law the Energy Efficiency Improvement Act of 2015. The new bill will loosen efficiency standards for grid-enabled water heaters, increase efficiency in government data centers and promote efficiency in commercial, residential and federal government-owned buildings. To learn more, visit
here.

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Washington D.C. Week in Manufacturing - April 29, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Apr 29, 2015 @ 09:00 AM

Manufacturing Production Rises a Tiny Bit in March
Manufacturing production increased a paltry 0.1 percent in March, following declines in both January and February. The year-over-year pace of manufacturing production in March was 2.4 percent, down from 4.5 percent in November. On a more positive note, retail sales grew 0.9 percent in March, with strong growth in motor vehicles and parts, and housing starts rose 2.0 percent last month. As such, the data suggests manufacturers have started 2015 on a very soft note, despite optimism for better demand and output moving forward. To learn more, visit
here.

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Washington D.C. Week in Manufacturing - April 22, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Apr 22, 2015 @ 10:08 AM

March Global Manufacturing Update Reveals Modest Growth Overall
Despite modest growth overall, the global economic environment remains challenged, with manufacturers in half of the top 10 markets for goods manufactured in the U.S. reporting declining levels of activity in March. For example, the Chinese economy continued to decelerate and Canadian manufacturers reported weaker conditions in the past two months due to energy markets. In contrast, the U.S. economy remains a bright spot despite headwinds that dampened activity in the early months of the year. To learn more, visit
here.

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Washington D.C. Week in Manufacturing - April 8, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Apr 08, 2015 @ 08:34 AM

Weekly Economic Report Shows Continued Dampened Activity
Significant headwinds, such as weak economic growth abroad, a significantly strengthened U.S. dollar, the sharp drop in crude oil prices, winter storms and the West Coast ports slowdown, has resulted in a continued deceleration of economic activity in the early months of 2015. While the final figures are not in, the real GDP growth in Q1 of 2015 will likely land around 1.8 percent, less than the 2.2 percent real GDP growth rate seen in Q4 of 2014. Fortunately, the manufacturing sector is expected to see some rebounds moving forward and the outlook continues to be upbeat. To learn more, visit here.

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Washington D.C. Week in Manufacturing - April 1, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Apr 01, 2015 @ 08:23 AM

Chinese and Japanese Manufacturing Activity Declined in March, Europe and U.S. Increased
The China Manufacturing PMI declined again in March, from 50.7 in February to 49.2. The PMI has contracted three of the past four months, causing China to reduce its target 2015 real  GDP growth rate to 7 percent. The Japan Manufacturing PMI also decreased in March, from 51.6 to 50.4, its lowest level since May 2014. Overall, the Japanese economy is growing slowly, with real GDP up 0.4 percent in the fourth quarter. In contrast, the Eurozone Manufacturing PMI rose from 51.0 to 51.9, its highest level since May 2014 and the United States Manufacturing PMI rose from 55.1 to 55.3, indicating decent growth. To read more, visit here.

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Washington D.C. Week in Manufacturing - March 25, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Mar 25, 2015 @ 08:21 AM

Housing Starts Declined 17.0 Percent in February
According to the Census Bureau and the U.S. Department of Housing and Urban Development, residential construction activity plummeted 17.0 percent in February. New housing starts was the slowest since January 2014, down from just over 1 million in January to nearly 900,000 in February. Despite the fall in both single-family and multi-family housing starts, housing permits in February increased slightly over the past month and the data seems to indicate that the sharp housing starts reduction in February might be temporary. To read more, visit here.

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Washington D.C. Week in Manufacturing - March 18, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Mar 18, 2015 @ 08:44 AM

Manufacturing Job Openings Back on Track in January
Manufacturing job openings rebounded in January after easing slightly in December, according to the Bureau of Labor Statistics. Rising to 330,000 in January from 310,000 in December, both durable and nondurable goods industries reported more openings for the month. In addition to manufacturing, there were more job openings in the construction, leisure and hospitality and trade, transportation and utilities sectors in January. Hiring also picked up in government, health care, leisure and hospitality, professional and business services and retail trade. To read more, visit here.

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Washington D.C. Week in Manufacturing - March 11, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Mar 11, 2015 @ 10:49 AM

U.S. Unemployment Rate Lowest Since May 2008
The United States unemployment rate fell to 5.5 percent in February, the lowest it has been since May of 2008. But the Bureau of Labor Statistics said that manufacturers added only 8,000 net new workers in January - significantly fewer workers than the past four months (October to January), which averaged 27,000 per month. This softening is consistent with recent manufacturing activity, including weaknesses in export markets, the West Coast ports slowdown and reduced energy prices. On a positive note, manufacturers have added to their workforce for 19 straight months. To read more, visit here.

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Washington D.C. Week in Manufacturing - March 4, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Mar 04, 2015 @ 08:05 AM

Consumer Confidence Fell Sharply in February
The Conference Board reported that consumer sentiment declined in February from a revised 103.8 in January to 96.4 last month. January's increase was a significant one and the highest point for this measure since August 2007. February's easing brings the data back to a more consistent trend line. Still, the pullback in February was larger than expected and it suggests that the American public remains more anxious than desired. To read more, visit here.

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Washington D.C. Week in Manufacturing - February 25, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Feb 25, 2015 @ 09:09 AM

European Manufacturing Activity Improved Slightly in February
In a tiny bump, the Markit Flash Eurozone Manufacturing PMI moved up slightly from 51.0 in January to 51.1 in February. This very modest growth in manufacturing activity in February occurred in new order, output and exports, while the pace of employment growth was unchanged. France (down from 49.1 to 47.0) and Germany (unchanged at 50.9) continued to move in an opposite direction of the rest of Europe and the European economy remains more sluggish than desired. To read more, visit here.

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