The automation market continues its recovery in the first quarter of 2010 and beyond. Almost all leading manufacturing purchasing manager indices (PMIs) show expansion and key indicators, such as industrial production and capacity utilization, continue to edge up. Meanwhile, the hot developing economies of China, India and Brazil seem to be cooling a bit, but are still firmly in the expansion zone.
While everything seems to be on track for a positive year, several issues continue to cloud the landscape and could drag down future growth in manufacturing and automation. The European debt crisis looms large, and the oil spill in the Gulf of Mexico could put a damper on plans for future exploration and production while simultaneously creating an environment of stricter government regulation. The stimulus packages around the world are also starting to run out.
ARC clients can view the complete report at The Recovery Continues for the Manufacturing Economy, But Will It Last?