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Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004
By Katia Dmitrieva
I wonder if she was one of the Russians that wrote the fake stories on Hillary to get Trump Elected?
Jokes aside, how can you, or anyone determine that this story is right and another is fake? Your quoted story says it's from Bloomberg, but there is no link to the source.
I believe the economy is up, but I would ask you, or anyone, what is the sales-cycle for commodity items? It is typically based on a chain of events, and PART of it is due to a very long sales cycle. I sell to the industrial sector (Oil, Gas, Power, Big Pharma, Water/Wastewater, etc.) and our AVERAGE sales cycle is between 6-18 months. Some of them go quicker, many take years (sometimes 5-10 years to come to fruition).
I would certainly say that Trump has cultivated a pro-business environment. Some think that is good, some think it is not. (I personally think it has elements of both.) I would also say that the fundamentals have been put in place over long periods of time. Not just the last 8 years, but certainly that is a big part of it.
Credit to Trump (don the con) for his part, but to take full credit is disingenuous. The economy has been on an upswing since we hit bottom in 2009/10. Meanwhile the earnings gap continues to grow, and the wins are not shared proportionately to contributions.
I wonder if she was one of the Russians that wrote the fake stories on Hillary to get Trump Elected?
Jokes aside, how can you, or anyone determine that this story is right and another is fake? Your quoted story says it's from Bloomberg, but there is no link to the source.
I believe the economy is up, but I would ask you, or anyone, what is the sales-cycle for commodity items? It is typically based on a chain of events, and PART of it is due to a very long sales cycle. I sell to the industrial sector (Oil, Gas, Power, Big Pharma, Water/Wastewater, etc.) and our AVERAGE sales cycle is between 6-18 months. Some of them go quicker, many take years (sometimes 5-10 years to come to fruition).
I would certainly say that Trump has cultivated a pro-business environment. Some think that is good, some think it is not. (I personally think it has elements of both.) I would also say that the fundamentals have been put in place over long periods of time. Not just the last 8 years, but certainly that is a big part of it.
Credit to Trump (don the con) for his part, but to take full credit is disingenuous. The economy has been on an upswing since we hit bottom in 2009/10. Meanwhile the earnings gap continues to grow, and the wins are not shared proportionately to contributions.
Trumpmania is taking over the country, all the contributors in America are doing great!
Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004
By Katia Dmitrieva
U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Wednesday.
HIGHLIGHTS OF ISM MANUFACTURING (DECEMBER)
Factory index climbed to 59.7 (est. 58.2) from 58.2 a month earlier; readings above 50 indicate expansion
Gauge of new orders advanced to 69.4, the highest in nearly 14 years, from 64
Measure of production increased to 65.8, the strongest since May 2010, from 63.9
Key Takeaways
The survey-based measure of factory activity -- the year’s second-highest behind September, when storm-related supply delays boosted the index -- brings the 2017 average to 57.6, the best in 13 years. The latest gain extends a string of strong readings that’s been fueled by more domestic business investment, improving global economies and steady spending by American households.
The acceleration in bookings indicates production will remain robust in coming months as factories race to limit mounting order backlogs amid declining customer inventories. Increasing export orders underscore improvement in global markets.
The figures suggest manufacturing strength will persist into early 2018, even after the ISM’s semi-annual survey of purchasing managers published last month showed factories anticipate growth in capital spending to slow this year.
What Our Economists Say
Bloomberg Economics’ assessment that the dip in the November ISM headline was a headfake proved accurate. This was due to the alleviation of bottlenecks following the hurricanes, whereby supplier deliveries weighed on the headline. The December results showed a payback for this effect. However, it was not just that, as enthusiasm for the tax reform bill’s passage bolstered business confidence. This may not be the end of the ISM’s climb, as both new orders and production posted further gains in the month. Business sentiment has been high enough for long enough that it is actually starting to drive the “hard data” in a positive direction.
-- Carl Riccadonna and Yelena Shulyatyeva, Bloomberg Economics
Sixteen of 18 industries reported growth in December, led by machinery and computer and electronic products; wood products and textile mills reported contraction
ISM factory employment gauge declined to a still-strong 57 from 59.7
Measure of export orders increased to a six-month high of 58.5 from 56
Gauge of supplier deliveries climbed to 57.9 from 56.5, indicating stronger demand was leading to longer lead times
Index of customer inventories fell to 42 from 45.5, signaling stockpiles were declining at a faster pace
Factory inventories index showed a third straight month of contraction
Index of prices paid climbed to 69 from 65.5
Trump wins again.
The establishment is going to only accelerate their efforts to get him out, before enough people realize that he is what we needed to shake things up.
And 90% of it is automated. Soon, 100% of it will be automated.
The days of good paying manufacturing jobs are over. Any routine or semi-routine tasks will be automated or sent to slave-labor nations. The elites cannot and will not tolerate ordinary people having any kind of bargaining power in the workplace.
No wrong answer
Automation increase quality with less do over, the unemployment is null because you still have to have operator, programmers and mechanic, more skilled labor
This is good news no doubt. Nothing wrong with acknowledging that.
Want to talk about fantasy and numbers scaring someone? How about the FACT that the economy had been improving for years now....and for years, conservatives continued to claim the numbers were fake news.
History needs to be scrubbed according to the liberal progressives collective.
Its off limits and we can't learn anything from it, so its off limits in all conversations. No one can be creditable and selective at the same time. According to them the uncomfortable truths must never enter in events now or in the future.
Now support you claim with what we know in the here and now or what we will know in the future.
History needs to be scrubbed according to the liberal progressives collective.
Its off limits and we can't learn anything from it, so its off limits in all conversations. No one can be creditable and selective at the same time. According to them the uncomfortable truths must never enter in events now or in the future.
Now support you claim with what we know in the here and now or what we will know in the future.
lol, wut?
What we know as facts (of course, conservatives don't want to admit it, because, you know, they live in a fantasy world), the economy has been improving for years. Stock markets been going up for years. Real estate values have been going up for years. Overall crime has been going down for years. and on and on.
Those are verifiable facts that conservatives have claimed were "fake"....for years.
We can acknowledge the economy doing well this year...as it has been for years. The only ones that are "scrubbing" the past few years from history are conservatives, as they are re-writing facts to fit their agenda, and calling it "alternative facts".
The Progressives are melting like the Wicked Witch of the West. If something bad happens, it is Trump's fault. If something good occurs it is due to Obama's past policies. Well Obama is ancient history now, and the real Wicked Witch, Hillary is dead politically. All the Democrat wet dreams are melting. Higher taxes - nope. Man made climate change has been debunked as a HOAX, unemployment is at record lows, and the economy is positive, and continuing to grow.
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