Individuals who wish to pursue managerial roles within the manufacturing industry may want to enroll in traditional or online MBA programs to gain the experience that they will require for their careers.
These degree seekers may be pleased to hear that March was the fifth straight month of economic progress in the manufacturing sector, Reuters reported. This information is based off of newly released data from the U.S. Department of Commerce.
According to the media source, new orders for manufactured goods exceeded predictions from Wall Street economists and increased by 3 percent to a seasonally adjusted $463 billion. In addition, interest in items that were designed to last three years rose by 2.9 percent. There was also more of a demand for machinery, electrical equipment and primary metals.
In terms of nondefense capital goods orders, there was a 4.1 percent growth, which the news outlet stated was the strongest increase since last August's 5.1 percent. These figures are often viewed as an indicator of companies' future investment plans.
"The overall manufacturing sector remains healthy," Robert Dye, a senior economist at PNC Financial Services Group, told Bloomberg.