There’s good news and bad news about manufacturing. The good news is manufacturing in the United States grew for the 10th straight month in May, but the bad news is it grew at a slower rate than in April. That’s according to the CNN article, “Manufacturing growth slows.”
However, even the bad news isn’t terrible because manufacturing is still in a healthy zone of growth.
The author of the article goes on to discuss several reasons for the slight drop in manufacturing. Retailers have started reducing their inventories to cut their overall costs. This could have something to do with the fact that several companies improved their first-quarter earnings with inventory management software, as I discussed in a another blog post.
Many companies are managing their inventories more efficiently, which makes it even more important for manufacturers to do the same. Manufacturers can accomplish this goal with QuickBooks inventory software.
Learn more about Fishbowl’s QuickBooks inventory software. Fishbowl is the #1 manufacturing and warehouse management software for QuickBooks users, and it offers a comprehensive feature set.