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Industrial, Industrial Manufacturing

US manufacturing continues to bloom in May

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US industrial production increased in May for the third time in four months, rising a seasonally adjusted 0.6% from April, according to the Federal Reserve. Capacity utilization climbed to 79.1% in May, continuing to provide support for manufacturing expansion in 2014.

US manufacturers were generally impaired by the harsh winter, and the performance in recent months demonstrates the transient “winter effect” clearly was behind much of the difficulty at the beginning of the year. Manufacturers’ output fell in January, then increased in February and March, before falling slightly in April.

According to the Institute for Supply Management, growth in manufacturing accelerated in May. The PMI index of sentiment among factory purchasing managers rose to 55.4 from 54.9 in April.

Automotive output and machinery production were large contributors to the increase in production, as were mining and manufacturing production. Total industrial production in May was up a strong 4.3% from a year earlier.

Industrial production on the rise
fed reserve May 2014

Source: Federal Reserve

We welcome discussing plans your company made have for expansion in 2014/2015 and what steps businesses have taken to position themselves to take advantage of the improving climate for manufacturing in the US.