State of the Industry Q2-2021 (PDF)

State of Industry 2021 Q2 image

Resource Info

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

May 11, 2021