There's good news for the U.S. manufacturing industry, according to the most recent Manufacturing ISM Report on Business - the manufacturing sector grew in June for the 13th month in a row.
The June Purchasing Managers Index ended at 55.3 percent, which was a 0.1 percent decrease from May. This reduction indicated expansion in the manufacturing industry. The New Orders Index registered 58.9 percent in June, up from 56.9 percent in May – also indicating growth. The Production Index measured 60 percent in June, 1 percent below May.
Employment in the manufacturing sector also grew in June, and registered 52.8 percent. This is the same rate of growth reported in May.
When the manufacturing industry is broken down into its 18 sectors, 15 of them reported growth in June,and only textile mills, chemical production and plastics and rubber products reported decreases, according to the ISM report.
Factory output, ordering and payroll increased at the fastest rate the U.S. has seen since the recession, according to Chris Williamson of the financial information service Markit. Williamson also expects manufacturing to give the economy a boost in the second quarter this year.
Businesses experiencing growth in orders and that have open positions should partner with a manufacturing recruiters to find the most experience professionals for the jobs.