According to the latest MCADCafe article, manufacturing technology orders grew in September but fall short year-over-year.  Orders saw a monthly increase of 10.9% from August, reports the article. However, orders are down 16.6% for the first three quarters of 2015 compared to the previous year, says the Association for Manufacturing Technology report mentioned in the article.The decline for manufacturing technology orders will spill...
According to the latest Reuters article, U.S. manufacturing activity declined in October for the fourth consecutive month. The national manufacturing index dropped to 50.1 in October from a reading of 50.2 in September, as noted in the Institute for Supply Management (ISM) report mentioned in the article. However, a reading above 50 signifies expansion in the manufacturing sector, the article says.The employment index also fell to 47.6 –...
According to a recent PR Newswire article, the U.S. telehealth market is forecasted to reach $2.8 billion by 2020. Creating more accessible basic healthcare and improving healthcare quality and patient safety by early detection and diagnosis are major goals of telehealth, according to Grand View Research Inc.’s “U.S. Telehealth Market Analysis, by Product, by Delivery Mode, by End-Use and Segment Forecasts to 2022” report covered in the...
According to the latest American Machinist article, U.S. machine shops and other manufacturers consumed cutting tools totaling $168.8 million in August 2015, resulting in a 5.1% decrease from July 2015. The data also signifies a 2.0% drop year-over-year from August 2014’s numbers, says the Cutting Tool Market Report (CTMR) presented by the U.S. Cutting Tool Institute and Association for Manufacturing Technology (USCTI), covered in the...
According to the latest Business 2 Community article, Millennials are one of the greatest generations to change the landscape of the workforce. Nearly 50 million Millennials (young adults ranging from 18-to-34-year-olds) are currently working in the United States, making up a third of today’s labor force, according to Young Invincibles' “Where Do Young Adults Work?” data covered in the article.The report shows manufacturing is favored among...
According to the latest Market Realist article, the U.S. manufacturing PMI (Purchasing Managers’ Index) came in at 53.1 index points, the lowest it has been in two years. The Industrial Select Sector (SPDR ETF) is also down 2.47% from the past month, and has lost a total of 12.02% since the beginning of the year.The appreciating U.S. dollar persistently weighs down the industrial sector, and as a result, the final reading for the month’s...
According to the latest ARN article, worldwide shipments of 3D printers are anticipated to exceed 5.6 million in 2019. Shipments are forecasted to more than double every year from 2016 to 2019, with numbers to reach 496,475 units in 2016, according to a report released by analyst firm Gartner and also covered in the article. This number is up 103% from the predicted 244,533 units this year.Rapid growth for the 3D printer market is being...
According to a recent Business Journal article, healthcare spending in Massachusetts will not be slowing down anytime soon. Price disparities among health systems, initial set up of global payments, and growth in pharmacy costs are reasons why the state will likely not be able to hold healthcare expenditures under the 3.6% benchmark in 2015, reports a new state-issued report covered in the article.The report covers several aspects of the...
According to the latest IMPO Magazine article, industry experts anticipate most manufacturing sectors to expand in the U.S. this year.Annual projections for 23 of the 27 segments monitored by the Manufacturers Alliance for Productivity and Innovation Foundation (MAPI) appeared in its newly released quarterly U.S. Industrial Outlook report. The MAPI Foundation foresees the manufacturing sector to grow by 2.1% this year and 3.4% next year.The...
According to a recent MarketWatch article, the global healthcare 3D printing market is expected to reach $1,129.8 million by 2020. The market is anticipated to expand at an estimated compound annual growth rate (CAGR) of 15.6% from 2014 to 2020, says the article.Automated product manufacturing and the increased number of cost-curbing initiatives undertaken by medical device manufacturers are both expected to boost market growth during the...

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