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Manufacturing in the U.S. grew in February at the fastest pace in almost seven years, driven by gains in orders, employment and exports that signal factories will continue to propel the expansion.
The Institute for Supply Management’s factory index increased to 61.4, exceeding the median forecast of economists surveyed by Bloomberg News and the highest level since May 2004, the Tempe, Arizona-based group said today. Readings greater than 50 signal growth. Compared with similar measures released today in Europe and Asia, the data put the U.S. at the forefront of the global manufacturing rebound.
What exactly is it we are "manufacturing"? The article is short of specifics. For example the actual manufacturing facilities for the US companies are actually situated in other countries. Are they counted for or against? I just don't see much manufacturing first hand, just a lot of middle man service and brokers for foreign manufacturing.
For a big example: over 3 billion of taxdollars went to China to produce a piece of the Bay Bridge in Shanghai for California that is now being welded together (and the Chinese couldn't even get it right the first time). Nice 'manufacturing'!
What exactly is it we are "manufacturing"? The article is short of specifics. For example the actual manufacturing facilities for the US companies are actually situated in other countries. Are they counted for or against? I just don't see much manufacturing first hand, just a lot of middle man service and brokers for foreign manufacturing.
For a big example: over 3 billion of taxdollars went to China to produce a piece of the Bay Bridge in Shanghai for California that is now being welded together (and the Chinese couldn't even get it right the first time). Nice 'manufacturing'!
Oh please shut up and dance with me
pessimism is bad for your health
What exactly is it we are "manufacturing"? The article is short of specifics. For example the actual manufacturing facilities for the US companies are actually situated in other countries. Are they counted for or against? I just don't see much manufacturing first hand, just a lot of middle man service and brokers for foreign manufacturing.
For a big example: over 3 billion of taxdollars went to China to produce a piece of the Bay Bridge in Shanghai for California that is now being welded together (and the Chinese couldn't even get it right the first time). Nice 'manufacturing'!
I also read the article and had the same questions.
What are they making and is it staying in the US or being shipped out ?
US consumers are not spending so you have to wonder where is the demand coming from.
Manufacturing in the U.S. grew in February at the fastest pace in almost seven years, driven by gains in orders, employment and exports that signal factories will continue to propel the expansion.
The Institute for Supply Management’s factory index increased to 61.4, exceeding the median forecast of economists surveyed by Bloomberg News and the highest level since May 2004, the Tempe, Arizona-based group said today. Readings greater than 50 signal growth. Compared with similar measures released today in Europe and Asia, the data put the U.S. at the forefront of the global manufacturing rebound.
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