Principal
Rick Preckel
Preston Pipe
Most tube-intensive industries drop in latest data
Some positive indicators persist, but most manufacturing and tube markets remain stuck in negative territory, hampered by lower oil and gas activity. Consumer sentiment in the U.S. remains resilient.
Tube shipments climb as manufacturing, job growth slow
Most major manufacturing indexes are down, but tube and pipe shipments in the U.S. market have jumped substantially of late.
Tube and pipe shipments, overall jobs increase
Most manufacturing sectors in the U.S. contracted yet again in the latest data as the UAW strike continued to hamper metals-related businesses.
Durable goods index slips amid general manufacturing weakness
Multiple tubing-intensive sectors looked bright, but overall indicators for U.S. manufacturing continued to lag in May and June.
Manufacturing recovery continues, slowly
Most durable goods manufacturing sectors improved in December 2020 compared to the month earlier, but remained below December 2019 levels. Overall the economic recovery continues on a path that projects a return to prepandemic output levels by midyear, although employment is expected to lag.
Recovery coasts, but two factors likely to help it accelerate
Some sectors of the economy are hot and some are not. Many industries are doing well, the unemployment rate is improving, and housing sales activity from November 2020 to November 2021 increased 25%. However, several other indicators are cause for concern about the recovery. Improvements are likely to follow two developments in late December: vaccine approval and the federal spending plan.
Data indicates manufacturing growth, but an additional boost from Congress is needed
The economic recovery from the collapse in the spring continues, but it’s at risk of stalling. Congress’s quick reaction earlier this year jump-started the recovery, but without additional help, it’s unlikely to continue.
Data indicates improvement in the tube and pipe industry
After an extraordinary contraction in the spring months, manufacturing entered a recovery phase, with improvements in production, new orders, and employment.
COVID-19 closes in, stifling growth
Although much of the durable goods industry is still holding up, several sectors have experienced month-to-month declines of 8 to 10% on account of COVID-19. These are some of the biggest declines since the end of WWII. The only durable goods sector that showed improvement recently is communications equipment.
COVID-19 response and oil price war throw industry into disarray
When taking a sip of a cold drink during a big game, most fans probably don’t give any thought to all the steps involved with getting the product from tank to can. Part of that magic is in the hands of those who develop the product’s recipe, but the individuals who develop the pathway to...
- Podcasting
In this episode of The Fabricator Podcast, Caleb Chamberlain, co-founder and CEO of OSH Cut, discusses his company’s...
- Trending Articles
1
Tips for creating sheet metal tubes with perforations
2
Are two heads better than one in fiber laser cutting?
3
Supporting the metal fabricating industry through FMA
4
JM Steel triples capacity for solar energy projects at Pennsylvania facility
5
Zekelman Industries to invest $120 million in Arkansas expansion
