Good industry came out this week. The U.S. manufacturing sector expanded more strongly than expected in June and data shows that the rate of growth advanced to its highest level in more than four years.
A Reuters article examined financial data firm Markit which said its preliminary or “flash” U.S. Manufacturing Purchasing Managers Index rose to 57.5 in June, the highest reading since May 2010.
As a reminder, a reading above 50 signals growth in economic activity.
The article quotes Chris Williamson, a chief economist a Markit, who notes that these new numbers support “indications that the U.S. economy rebounded strongly in the second quarter from the weather-related weakness seen at the start of the year.” Williamson also predicts that the U.S. gross domestic product will “rise by at least 3 percent.”
This growth in the American manufacturing sector provides the backdrop for this Fall’s 2014 FABTECH show in Atlanta, Georgia. Visit the show website to learn more about the anticipated 27,000 attendees and 1,400 exhibiting companies. And register today not only for the exhibits but also the more than 100 educational sessions and expert-led presentations on the latest industry trends and technology in the metal forming, fabricating, welding and finishing industries.