Global Manufacturing In A Holding Pattern, But Setting The Stage For A Firmer Economy

The state of worldwide manufacturing itself has not changed much lately, according to a recent Bloomberg News story. Analysts report that the manufacturing industry is in a holding pattern. According to Bloomberg, the slow pace of the current manufacturing economy can be attributed to "lax global demand and fallout from a weakened US energy industry." The indications are that the global manufacturing industry is experience a shift, rather than a decline, and that shift could be due to the fact that manufacturing is entering a new digital age, driven by unprecedented access to data, computation and modelling. Simply put, technology is transforming manufacturing.