UMA MEMBER COMPANIES IN THE NEWS:
LITTLE GIANT LADDER SYSTEMS REVITALIZES COMMUNITIES
Utah Business
Little Giant Ladder Systems®, maker of the original articulating ladder, and ToolBank USA, provider of high-quality tools to nonprofit organizations across the country, announced the versatile and safe Little Giant Ladders are now being lent to nonprofit organizations and their volunteers for community improvement projects. A full line of Little Giant Ladder Systems products has been donated so community citizens can easily use these needed tools to make their neighborhoods a better, safer place to live. “With the generous support and valuable partnership of Little Giant Ladder Systems, the ToolBank is helping remove barriers for volunteers to engage across our communities,” said Patty Russart, Executive Director of the Atlanta Community ToolBank.
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LITTLE GIANT LADDER SYSTEMS REVITALIZES COMMUNITIES
Utah Business
Little Giant Ladder Systems®, maker of the original articulating ladder, and ToolBank USA, provider of high-quality tools to nonprofit organizations across the country, announced the versatile and safe Little Giant Ladders are now being lent to nonprofit organizations and their volunteers for community improvement projects. A full line of Little Giant Ladder Systems products has been donated so community citizens can easily use these needed tools to make their neighborhoods a better, safer place to live. “With the generous support and valuable partnership of Little Giant Ladder Systems, the ToolBank is helping remove barriers for volunteers to engage across our communities,” said Patty Russart, Executive Director of the Atlanta Community ToolBank.
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July 5, 2011
I hope everyone had a great Independence Day weekend.
A number of important economic indicators will be released this week, with most economists focused on Friday's employment numbers for June. In light of the decline in manufacturing jobs in May, everyone will be looking for improvement.
A number of last week’s manufacturing reports showed rebounds in new orders and production, including the Institute for Supply Management's (ISM) Purchasing Managers Index. New data on factory orders nationally and manufacturing output in California, to be released this week, will probably continue that trend. With this in mind, I expect manufacturers resumed hiring starting in June and will continue to do so over the coming months. In addition, new data on factory orders and manufacturing output in California will be released.
Despite the renewed optimism within manufacturing, some strong headwinds continue, as seen in the newest data highlighted below. Consumer confidence fell in June, as Americans grappled with slow job growth, higher prices and economic uncertainty. These anxieties have impacted spending, with both durable and nondurable good purchases down in May. Consumers are "weighing their spending decisions very carefully," says the Conference Board. Of course, an improved economy will ease many of these concerns, and I expect consumers to become more positive as the year progresses.
In Washington, meanwhile, manufacturers are closely watching how they will be impacted by any compromise that solves the nation's deficit woes. The prospect of a possible default on the nation's financial obligations is definitely not in anyone's best interest, but it is also important for lawmakers to address the federal deficit in ways that ensure fiscal discipline while also allowing all businesses – including manufacturers – to remain globally competitive, to expand their operations and to hire more workers.
With a month to go before the debt ceiling limit is reached, the final outcome remains uncertain. Manufacturers appreciate the efforts of Congress and the Administration to get our nation's fiscal house in order and believe it is critically important for policymakers to raise the statutory debt limit to ensure global investors' continuing confidence in the creditworthiness of the United States.
Chad Moutray
Chief Economist
National Association of Manufacturers
UTAH'S ECONOMIC GROWTH PACE CONTINUES
Utah Business
Utah’s economic growth pace continues to be the strongest in the western Continental U.S., although current growth pales when compared to stronger economic growth during 2004-2007, according to the Summer 2011 issue of Zions Bank’s Insight—Economic News of Utah and the Nation released.
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AIRLINES LEARN FROM AUTO INDUSTRY
Today in Manufacturing
Manufacturers have pushed the frontiers of technology by building lighter planes and borrowing essential engine-design advances from the auto industry ... continue
FUELING THE GROWTH OF SMART GRID TECHNOLOGY
Today in Manufacturing
Various methods are coming into play whereby new products can be brought to market faster and more cohesively to work with smart grid infrastructures ... continue
MANUFACTURERS UPBEAT ABOUT SECOND HALF, STILL WARY OF COMMODITY PRICES
Quick Manufacturing News
This week in manufacturing: July 4-8 Click to continue
ISO 50001 WILL AID ENERGY MANAGEMENT SYSTEM IMPLEMENTATION
Quick Manufacturing News
Like other ISO standards, ISO 50001 offers an organizational framework to achieve energy management. Its strategies include establishing management structures to increase accountability and results, applying energy efficiency to operations and maintenance, and integrating energy into areas such as training and procurement. Click to continue
US MANUFACTURING SEES STRONG END TO FIRST HALF OF 2011
Industry Week
In its weekly manufacturing report, Industry Week reports that "the US manufacturing sector closed the first half of 2011 with a bang. In the days leading up to the Fourth of July weekend, we saw positive manufacturing numbers issued by the national Institute of Supply Management and ISM Chicago, as well as by the Federal Reserve banks of Dallas, Kansas City and Richmond.
" Chad Moutray, chief economist for the National Association of Manufacturers, said, "I think they all really show that there's been a little bit of a rebound in manufacturing." And while he noted that inflationary pressures were still a concern, Moutray said he believes that "clearly we have started to turn around."
BUSINESSES SKEPTICAL ABOUT ADMINISTRATION'S RED TAPE CUTTING CLAIMS
Washington Times
"Businesses big and small aren't buying President Obama's claim that he's reducing the burden of costly federal regulations, a major barrier to job growth." Additionally, The Times reports that regulatory czar Cass Sunstein has been contending "the first two years of the Obama administration produced fewer regulations than the last two years of the presidency of Republican George W. Bush."
In response, the Times lists several expert challenges to the Administration claims and quotes Dan Bosch, manager of regulatory policy at the National Federation of Independent Business as saying, "It's a mirage...The final rules that are coming out in the last two years are worse."
DURABLE GOODS ORDERS UP IN MAY
NAM Shopfloor Blog Jeff Ostermayer
This morning the Census Bureau released the report on May Manufacturers’ Shipments, Inventories and Orders. After a decrease in April new orders for manufactured goods increased 0.8 percent or by $3.5 billion. However, the report had some concerning news in that new orders for manufactured nondurable goods decreased 0.2 percent or $0.4 billion.
Additional numbers from the May report:
Shipments increased 0.1 percent or $0.4 billion.
Inventories increased 0.8 percent or $4.5 billion.
New orders for manufactured durable goods increased 2.1 percent or $4.0 billion.
Shipments of manufactured durable goods increased 0.4 percent or $0.9 billion.
Inventories of manufactured durable goods increased 1.3 percent or $356.1 billion.
Inventories of manufactured nondurable goods decreased by 0.1 percent or $0.2 billion.
WTO RULES AGAINST CHINA'S LIMIT ON RAW MATERIALS
Today in Manufacturing
World Trade Organization ruled Tuesday that China was unfairly protecting its domestic manufacturers by limiting the export of nine raw materials ... continue
FEATURE: FROM ART TO SCIENCE
Today in Manufacturing
The fundamental concept behind optimization is to identify and understand the causes of process variation, then minimize the impact of the causes ... continue
FACTORY ORDERS JUMP IN MAY
Today in Manufacturing
The increase pushed factory orders to $445.3 billion -- almost 32 percent higher than the low point during the recession, reached in March 2009 ... continue
I hope everyone had a great Independence Day weekend.
A number of important economic indicators will be released this week, with most economists focused on Friday's employment numbers for June. In light of the decline in manufacturing jobs in May, everyone will be looking for improvement.
A number of last week’s manufacturing reports showed rebounds in new orders and production, including the Institute for Supply Management's (ISM) Purchasing Managers Index. New data on factory orders nationally and manufacturing output in California, to be released this week, will probably continue that trend. With this in mind, I expect manufacturers resumed hiring starting in June and will continue to do so over the coming months. In addition, new data on factory orders and manufacturing output in California will be released.
Despite the renewed optimism within manufacturing, some strong headwinds continue, as seen in the newest data highlighted below. Consumer confidence fell in June, as Americans grappled with slow job growth, higher prices and economic uncertainty. These anxieties have impacted spending, with both durable and nondurable good purchases down in May. Consumers are "weighing their spending decisions very carefully," says the Conference Board. Of course, an improved economy will ease many of these concerns, and I expect consumers to become more positive as the year progresses.
In Washington, meanwhile, manufacturers are closely watching how they will be impacted by any compromise that solves the nation's deficit woes. The prospect of a possible default on the nation's financial obligations is definitely not in anyone's best interest, but it is also important for lawmakers to address the federal deficit in ways that ensure fiscal discipline while also allowing all businesses – including manufacturers – to remain globally competitive, to expand their operations and to hire more workers.
With a month to go before the debt ceiling limit is reached, the final outcome remains uncertain. Manufacturers appreciate the efforts of Congress and the Administration to get our nation's fiscal house in order and believe it is critically important for policymakers to raise the statutory debt limit to ensure global investors' continuing confidence in the creditworthiness of the United States.
Chad Moutray
Chief Economist
National Association of Manufacturers
UTAH'S ECONOMIC GROWTH PACE CONTINUES
Utah Business
Utah’s economic growth pace continues to be the strongest in the western Continental U.S., although current growth pales when compared to stronger economic growth during 2004-2007, according to the Summer 2011 issue of Zions Bank’s Insight—Economic News of Utah and the Nation released.
View Full Article
AIRLINES LEARN FROM AUTO INDUSTRY
Today in Manufacturing
Manufacturers have pushed the frontiers of technology by building lighter planes and borrowing essential engine-design advances from the auto industry ... continue
FUELING THE GROWTH OF SMART GRID TECHNOLOGY
Today in Manufacturing
Various methods are coming into play whereby new products can be brought to market faster and more cohesively to work with smart grid infrastructures ... continue
MANUFACTURERS UPBEAT ABOUT SECOND HALF, STILL WARY OF COMMODITY PRICES
Quick Manufacturing News
This week in manufacturing: July 4-8 Click to continue
ISO 50001 WILL AID ENERGY MANAGEMENT SYSTEM IMPLEMENTATION
Quick Manufacturing News
Like other ISO standards, ISO 50001 offers an organizational framework to achieve energy management. Its strategies include establishing management structures to increase accountability and results, applying energy efficiency to operations and maintenance, and integrating energy into areas such as training and procurement. Click to continue
US MANUFACTURING SEES STRONG END TO FIRST HALF OF 2011
Industry Week
In its weekly manufacturing report, Industry Week reports that "the US manufacturing sector closed the first half of 2011 with a bang. In the days leading up to the Fourth of July weekend, we saw positive manufacturing numbers issued by the national Institute of Supply Management and ISM Chicago, as well as by the Federal Reserve banks of Dallas, Kansas City and Richmond.
" Chad Moutray, chief economist for the National Association of Manufacturers, said, "I think they all really show that there's been a little bit of a rebound in manufacturing." And while he noted that inflationary pressures were still a concern, Moutray said he believes that "clearly we have started to turn around."
BUSINESSES SKEPTICAL ABOUT ADMINISTRATION'S RED TAPE CUTTING CLAIMS
Washington Times
"Businesses big and small aren't buying President Obama's claim that he's reducing the burden of costly federal regulations, a major barrier to job growth." Additionally, The Times reports that regulatory czar Cass Sunstein has been contending "the first two years of the Obama administration produced fewer regulations than the last two years of the presidency of Republican George W. Bush."
In response, the Times lists several expert challenges to the Administration claims and quotes Dan Bosch, manager of regulatory policy at the National Federation of Independent Business as saying, "It's a mirage...The final rules that are coming out in the last two years are worse."
DURABLE GOODS ORDERS UP IN MAY
NAM Shopfloor Blog Jeff Ostermayer
This morning the Census Bureau released the report on May Manufacturers’ Shipments, Inventories and Orders. After a decrease in April new orders for manufactured goods increased 0.8 percent or by $3.5 billion. However, the report had some concerning news in that new orders for manufactured nondurable goods decreased 0.2 percent or $0.4 billion.
Additional numbers from the May report:
Shipments increased 0.1 percent or $0.4 billion.
Inventories increased 0.8 percent or $4.5 billion.
New orders for manufactured durable goods increased 2.1 percent or $4.0 billion.
Shipments of manufactured durable goods increased 0.4 percent or $0.9 billion.
Inventories of manufactured durable goods increased 1.3 percent or $356.1 billion.
Inventories of manufactured nondurable goods decreased by 0.1 percent or $0.2 billion.
WTO RULES AGAINST CHINA'S LIMIT ON RAW MATERIALS
Today in Manufacturing
World Trade Organization ruled Tuesday that China was unfairly protecting its domestic manufacturers by limiting the export of nine raw materials ... continue
FEATURE: FROM ART TO SCIENCE
Today in Manufacturing
The fundamental concept behind optimization is to identify and understand the causes of process variation, then minimize the impact of the causes ... continue
FACTORY ORDERS JUMP IN MAY
Today in Manufacturing
The increase pushed factory orders to $445.3 billion -- almost 32 percent higher than the low point during the recession, reached in March 2009 ... continue
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