Latest News related to the Metal Machining and Metal Fabricating Industry

Here's Why American Manufacturing Will Make a Comeback

The rising Chinese middle class, along with rising fuel costs, creates a perfect storm.
Boston Consulting Group recently put out a report outlining the future of manufacturing in the United States. Surprisingly, it leads me to believe we could be headed for a strong revival in this oft-downtrodden industry. Read More

What Manufacturers Expect in 2012

By Ilya Leybovich

The manufacturing sector posted steady growth through most of 2011, both on a global level and in the U.S. While there are serious concerns about economic instability from the European debt crisis and a still-weak housing sector, the outlook for manufacturing in the new year is largely positive.
Despite fears of another recessionary dip, worldwide manufacturing production continues to perform well, recently posting strong quarterly gains in major economies. This continued resilience and growth in manufacturing indicates that a global downturn in industrial production is not imminent and that the factory sector will retain its position at the forefront of the rebound.Read More

Traders exit Treasurys after strong jobs report Associated Press - Fri, Feb 3, 2012

NEW YORK (AP) - In the face of improving economic numbers, U.S. government bonds seemed like the wrong place to be.Traders fled the safety of bonds and bought riskier investments such as stocks after the unemployment rate Friday dropped to its lowest level in three years.The jobs report provided hope that the U.S. economic recovery is picking up steam. Stocks generally reflect the fortunes of companies and an improving economy portends higher stock prices. Bonds have a fixed income. However, the uncertainty in recent months from the European debt crisis and a shaky economic recovery in the U.S. have led traders to buy bonds despite their current low yields and give up the potential of higher returns in the stock market.On Friday, the price of the benchmark 10-year Treasury note dropped $1.84 for every $100 invested, sending its yield up to 1.92 percent from 1.82 percent late Thursday.The 30-year bond plummeted $2.34, sending its yield up to 3.12 percent from 3 percent.The United States added 243,000 jobs last month, far more than economists expected and the most since last April. That sent the U.S. unemployment rate to 8.3 percent, the lowest in three years. Read More