Wednesday, February 01, 2017

A Winning Product

The production lines keep winning:
Factories said that new orders, production and hiring grew faster in January. Export orders grew last month but at a slower pace than they did in December.

Twelve of 18 manufacturing industries reported growth in January, led by plastics and rubber manufacturers. The ISM is a trade group of purchasing managers.

Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a research note that ISM’s January numbers are “consistent with a clear and robust acceleration in manufacturing output.”

Factories have been expanding despite a strong U.S. dollar, which makes American products more expensive in overseas markets. They also have recovered from big cutbacks in the energy industry, which reflected low oil prices.
And the Trump Effect continues...

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