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Economy


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Commerce and NRF report February retail sales gains
Commerce reported that January retail sales, at $506 billion, slipped 0.2% compared to January and rose 2.2% annually.

Gains in March manufacturing output, ISM reports
March manufacturing output finished on an upswing in the first quarter, with the PMI up 1.1% to 55.3 following a 2.4% decrease from January to February.

North American machine vision market grew nearly 10% in 2018, broke records for sixth straight year
Smarter and smaller vision technologies serve complex challenges with emerging automation solutions like AI-driven bin picking, autonomous vehicles, and advanced inspection technologies.

JLL research: ‘Mega box’ leasing deal activity remains strong
Despite fewer large leases in 2018, JLL explained logistics-related sectors still accounted for around 50% of total share for the year at levels similar to 2016 and 2017.

ITA reports fourth consecutive year of record-breaking forklift sales in 2018
Industrial Truck Association report indicates each lift truck class grew, and electric products accounted for approximately 64% of last year’s market.

NAM renews call for $1 trillion in infrastructure investment
Manufacturers release “Building to Win” proposal to rebuild America’s infrastructure.

North American robot shipments hit record with big non-automotive growth
Shipments to non-automotive companies grew 41% to 16,702 shipments for the year, with food and consumer goods driving nearly 50% of the growth.

NAM spotlights modern manufacturing in Minnesota during NAM State of Manufacturing Tour 2019
Tour emphasizes the next frontier of manufacturing, showcases the industry’s optimism and underscores need to fill manufacturing skills gap.

IIoT market to expand at a CAGR of 24%
TMR report cites growing adoption of advanced manufacturing techniques and increasing number of strategic partnerships as key drivers of growth of the global Industrial Internet of Things market.

Retail sales slip in December to finish 2018 but see annual gains
December retail sales were down 1.2% compared to November, but Commerce reported they were up 2.3% compared to December 2017. Total 2018 retail sales were up 5%.

AMT U.S. Manufacturing Technology Order Report: December dip caps off strong 2018
Key indicators for manufacturing were not available for December due to the government shutdown, but those that were point to continued growth at a slower pace in 2019.

CEMA: December 2018 shipments up 43.8% compared to December 2017 sales
December 2018 booked orders up 27.3% when compared to November 2018 booked orders.

Warehousing and logistics robot shipments to reach nearly 1 million units annually by 2022
Research by Tractica highlights mobile robot platforms, shuttle AS/RS, industrial robotic manipulators and gantry robots as drivers of market growth.

January manufacturing output rebounds, but ISM says future growth could be limited
PMI increases 2.3% to 56.3 following a 5.2% decline in December. The index has now grown for 29 consecutive months, with the overall economy now having grown for 117 consecutive months.

Deloitte industrial manufacturing outlook tracks digitalization’s steady march
Businesses large and small are pursuing automation to combat the skills gap and make the most of current employees.


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