Industry Headlines

Industry News: Weak Fed Report Belies Strong Manufacturing Sector

WASHINGTON, D.C.-The report from the Federal Reserve that manufacturing production showed no change in September after edging down 0.4% in August does not accurately reflect what is going on in manufacturing, says David Huether, chief economist of the National Association of Manufacturers (NAM).

“While overall manufacturing activity was flat last month, there’s an awful lot of activity under the surface,” Huether says. “The ongoing downturn in housing continues to impact some segments of manufacturing, evidenced by the fact that wood products, nonmetallic minerals, furniture and textile product production all fell last month. Also, the disruptive strikes in the auto industry were a major cause of the 3.3% drop in motor vehicle production last month.

“But outside of motor vehicles, manufacturing production rose a solid 0.3% in September, with solid gains taking place in primary and fabricated metals, computers and electronics, electrical equipment, aerospace, medical equipment and chemicals,” Huether says.

“Overall, manufacturing production rose at a healthy 4.3 annual rate in the third quarter of the year. This is an encouraging sign for the overall economy and signals that despite the recession in the housing market, the overall expansion remains on track,” says Huether. “The fact that business equipment production rose at an annual rate of 7% in the third quarter, the fastest pace in a year, signals that business investment and capital goods exports are continuing to propel the economy forward.”

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.




Karen Spencer, Clinkenbeard's quality manager, discusses what makes the plant stand out, advice for other plants, and looks to the future.
More Podcasts

Quality Magazine


2015 April

The April 2015 edition of Quality Magazine includes this years Quality's Professional of the Year.

Table Of Contents Subscribe

Topics to Talk About

What topics would you like to see Quality cover more?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Facebook2015_40 twitter_40px.png  youtube_40px.pnglinkedin_40px.png  GooglePlus_40