In an article titled “The Truth About US Manufacturing,” Mark Perry, a professor of economics at the University of Michigan, Flint, and a visiting scholar at the American Enterprise Institute, writes in the Wall Street Journal (2/25, Perry, subscription required) that while some people may believe that manufacturing is on the decline in the US. But the data, Perry writes, shows that manufacturing remains strong in this country. Times are tough for many in the industry, Perry concedes. But he argues that with the proper skills, American workers will still have a place in the new US manufacturing economy.
The Kansas City Business Journal (2/25, Dornbrook) reports, “Regional manufacturing activity hit several highs in February, and companies also expect strong activity in the months ahead, according to a survey by the Federal Reserve Bank of Kansas City.” The Kansas City Fed reported “the seasonally adjusted index, which can range from 100 to minus-100, came in at a high of 23,” up from 18 this time last year. “Other measurements also hit highs, with the index reflecting new order volume surging and the employment index swinging to a positive reading.”
SME Daily Executive Briefing, Febr. 25, 2011