US Industry is Reporting Growth

The following information was taken from an e-mail sent out by Thomas.net. “ThomasNet's latest Industry Market Barometer Survey shows that the economic recovery for the United States industrial sector is outpacing the national economy.


27% of the survey respondents report their businesses grew during the second half of 2009. That's up from the 17% that reported growth during the first half of the year. The difference represents a 59% rate of growth. Comparatively, the U.S. gross domestic product (GDP) expanded at 5.6% in the fourth quarter, and just 2.2% in the third.

What is the secret to success for those companies reporting growth? Companies are using the Internet to reinvent themselves in a number of ways:

• Having an Online Strategy (71%)

• Selling into New Industries (36%)

• Introducing New Products and Services (33%)

1,176 industrial professionals responded to the survey. The majority of respondents represent small businesses. 71% are at companies with fewer than 50 employees, and about 79% report revenue of under $10 million. There were also respondents from global manufacturers.”

In a previous blog I mentioned how the packaging industry has continued to grow even in the current economic downturn. While the industry as a whole is not immune to the recession, it has ‘weathered the storm’ much better than other industries. According to the above information, the US industrial sector is now regaining strength faster than other sectors of the economy. Let’s all hope this trend continues and gains momentum for the foreseeable future.

The author, Marge Bonura, is the Director of Sales & Marketing for New England Machinery, Inc. (NEM). NEM is a leading manufacturer of bottle unscramblers, cappers, orienters, retorquers, lidders, pluggers, pump sorter/placers, scoop feeders, hopper elevators and much more. The company has been in business since 1974 selling to the food, beverage, pharmaceutical, personal care, chemical, household products, automotive and other industries. For more information on NEM, visit their website at http://www.neminc.com/.