State of the Industry Q2-2021 (PDF)
File Type: PDF
Subject: Business Strategy
The latest economic indicators which were all pointing to strong growth. As I mentioned, the PMI index is as high as it has been in over 25 years. According to Yahoo!News, US manufacturing activity hits a 37-year high. The upswing in new orders is prompted by pent-up demand. This is great news for our SI community as increased manufacturing inevitably fuels the need for more automation, perhaps even more so in this COVID era where there is a push to reduce manufacturing dependency on manual labor.
All of the six biggest manufacturing industries — Fabricated Metal Products; Chemical Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; Transportation Equipment; and Petroleum & Coal Products, in that order — registered moderate to strong growth in April.
-Purchasing Manager’s Index