There has been a gross and steady increase in the American manufacturing market since last fall. A survey of executives reports employment is its highest it has been in six years.
Since February, the manufacturing index has fallen slightly from 57.7% to 57.2%. However, the number has stayed above positive 50% and, out of 18 industries tracked by ISM, 17 of those are looking to expand. In 2012, alone, machine manufacturing shipments totaled around $407.4 billion.
Gus Faucher, deputy chief economist at PNC Financial Services, has noted, ““The industry is benefitting from continued consumer demand, a turnaround in energy production, and an end to the strengthening of the U.S. dollar.”
The investment of new energy programs, like the forward momentum of recycling tungsten carbide whose hardness falls only slightly behind diamonds on the Moh’s hardness scale, has certainly contributed it’s fair share to the influx of industry jobs. And other countries are starting to take notice.
Nowhere is this more clear than in the up and coming Italian Siliconature Corporation putting some roots down in Grand Rapids, Michigan. Upon it’s completion, it will create 26 highly technical manufacturing jobs, bringing in a performance-grant of $286,000 from the Michigan Business Development program.
David Arado, president of Siliconature, has said, “The West Michigan area offers a
great base of talent for manufacturing & technical jobs that are critical to our success. As well, the area offers the urban infrastructure of a larger city with natural and rural areas very nearby.”
This marks Siliconature Corporation first factory investment into America. It holds factories in both Italy and Asia, but Grand Rapids marks it’s first American manufacturing branch. It is estimated America’s growing manufacturing market may very well contribute to the successful partnership with Siliconature Corporation, which may lead to more factories throughout the rest of the country, should America’s upward climb continue. Until then, the future of the American manufacturing industry appears very promising.