Why Choose Ganesh Machinery for Your Manufacturing Needs
The Institute for Supply Management is a not-for-profit education organization founded in 1915 and dedicated to procurement and supply chain management.
As part of that mission, it
publishes a monthly index that measures manufacturing production in the United States. In October, the Institute for Supply Management had good news for the U.S. manufacturing sector. Its index for the month reached 56.4, which is a high not seen since April, 2011. While that represents just a slight increase from the September ISM index of 56.2, it does indicate that U.S. manufacturers are continuing to climb back from one of the worst economic recessions in history. The results beat the median growth forecast of the panel of economists surveyed by the ISM, which considers index results above 50 as indicating growth. The positive results also indicate that concerns over the U.S. government shutdown crisis, the looming changes at the Federal Reserve and other economic issues are not affecting perceptions abroad as much as indicated. There was actually some increase in export orders during the month, a time when there were many reports of unease by foreign investors. The ISMâ€™s gauge of U.S. new orders rose slightly in October, hitting 60.6 in October after sitting at 60.5 in September. Considering that most of the discussion about U.S. manufacturing is usually gloom and doom forecasts or news of increased off-shoring of facilities and production, even such modest growth indicates that more companies are starting to believe that their best supply chain values can be found in the U.S. Moreover, stronger U.S. factories indicate an economy that is capable of producing jobs, as skilled workers produce more goods that are in demand in the U.S. and around the world. Ganesh Machinery is one manufacturer poised to take advantage of the upward momentum. The 27-year-old company supplies major Machine Shops, Technical Schools, Aerospace Industry, Medical Industry, Manufacturing, Auto Industry and brand-name manufacturers across many industries, providing lathe machines, 4 axis CNC milling machines, screw machine
products and other machines and services to companies that build aircraft, automobiles, air conditioners, refrigerators and much more. It is also a major consultant to those industries, working with manufacturers to devise new ways to increase production efficiency, accuracy, cycle time reduction and other issues that impact manufacturing. The worldwide economic recession of the late 2000s cast a shadow upon manufacturing in the U.S., raising questions about whether the slow ebb away from factory production heralded an era of declining influence and economic growth. The latest statistics seem to indicate that those fears are unfounded, and that companies like Ganesh Machinery are ready to help the manufacturing sector come roaring back to life. For more information visit us at http://www.ganeshmachinery.com.
Published on Nov 12, 2013
The Institute for Supply Management’s monthly index indicates that U.S. manufacturing growth has reached heights not seen in two years.