Monday, March 10, 2014

More good signs

Well as I thought last week, the ADP jobs report for February showed an increase of 1,000 manufacturing with a total of 139,000 new jobs.  It appears that the rough weather throughout most of the country did have a negative but temporary effect on the economy.

Combined with last week's solid ISM Manufacturing report, it appears that the trend for manufacturing is positive again.  167,000 manufacturing jobs have been added since August 2013.

Last week, ConExpo/ConAgg and the IFPE Shows were held at the Las Vegas Convention Center.  While I do not have the overall attendance count yet, the shows were very successful with large crowds in attendance each day.


A combination of official economic reports and a sense for how things are going is often the best way to gauge the state of the economy.  With the positive reports coming out plus the high level of activity at the Con/Expo Show last week, I would say that we are moving in the right direction.

This is good news for the fluid power industry.  Remember, the predictions at last year's NFPA Industry and Economic Outlook Conference were for good years in 2014 through 2016.  It appears that we are following that path.