Believe it or not, it’s about three years since the U.S. emerged from what is now being referred to as the Great Recession. Wow, where does the time go? But while the economy is in much better shape now than it was back then, the recovery is still painfully slow, and we’re not out of the woods just yet.
Manufacturing actually fell in June—the first time negative numbers have been posted since the U.S. emerged from recession. Although manufacturing accounts for only around 10% of this country’s economy, the industry has traditionally been a good bellwether of how the economy is doing as a whole.
As far as wood-component manufacturing is concerned, it’s too early to tell if this latest news will dampen first quarter optimism that the industry will post upwards of 5% gains in 2012. One thing that is clear, however, is that now more than ever it’s vital to continue the growing trend of buying American.
In recent times there has been growing support for shopping at home. For wood component manufacturers and wood furniture manufacturers such as Newport Furniture Parts, buying American ensures:
- The survival of the wood-manufacturing industry in America
- Produces employment opportunities
- Helps the management of sustainable forestry
- Strengthens our economy
For almost 60 years, Newport Furniture Parts has flown the flag for wood-component manufacturing in America. From individual wood furniture components to complete pieces, and with a host of ancillary services from engraving to delivery fulfillment, Newport Furniture Parts offers your company the complete wood-furniture component solution. Contact the company today to discuss your wood furniture parts requirements.