After the recession of 2008, it has taken time for our country to rebound. The rebound started slowly but has gained momentum and industries across the U.S. are beginning to see quite a change. For many, optimism is high. Helping the change is the new administration and the President’s commitment to supposedly bring jobs back to America. He has started deregulation of manufacturing industries and has promised to lower business taxes in an effort to make the U.S. more competitive with jobs that were off-shored long ago.
Consumer confidence has spurred the economy, allowing businesses to once again invest in new software, new equipment, training and industrial structures. All of these investments help to better our economy. Industries are also more expectant due to the increase in employment rates and increase in disposable income.
According to a report by Bloomberg Markets, the U.S. is experiencing growth at a rate higher than what was forecasted. Currently, the rate is three percent, which is a solid gain. This rate is high considering the time period reported on includes two devastating hurricanes in two parts of our country. All of this information leads to an encouraging outlook for the coming years for manufacturing.
A wide range of industries are seeing this growth, including rubber, the housing industry coming off all- time lows of 2009, mining, aerospace, and more. This past September, the Institute for Supply Management hit an all-time high mark for gauging manufacturing activity. The last time numbers were this close was in 2004.
As a custom manufacturer of rubber extrusions, plastic extrusions and rubber moldings including compression moldings, transfer moldings, and injection moldings, all of this information leaves the Universal Polymer team enthused about the potentials for 2018. We serve many industries, including the transportation and cargo control market, automotive OE supply chain as a Tier II and Tier III, construction and pipe manufacturers market, and the general industrial market.
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