Business
Manufacturing: Unexpected Catalyst for U.S. Economy
Knowing the Hows
Manufacturing activities are said to be the unlikely chance that could provide the boost everyone is needing. Since it is the process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications. It commonly employs a man-machine setup with division of labor in a large scale production. Although this activity requires high requirement such as machinery, man power and other physical resources it is inevitable to tell that manufacturing still soar high as a great economy booster potential.
Those investors that are engulfed with suffering from low oil prices, strong dollar, and a soft global economy is the declining U.S. manufacturing sector. However, it is showing some signs of life again in March. One of the main card that shows evidence on its regain is expected in a report due Monday.
The question now is, what could an improving manufacturing activity can provide? Simple. It can bring the sputtering economy far more than many can perceive.
According to economists polled by the Wall Street journal, the estimate that the Institute for Supply Management’s index went up to 51.2 in April. This serves as the second consecutive month on above 50. This could also imply that customers’ orders and factory production are growing.
What could happen if this continues?
