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US manufacturing growing fastest in 14 years

Graham Immerman
March 12, 2018

It has been almost 14 years since manufacturing in the USA has expanded at this rate. The factory index was at 59.1 in January and grew to 60.1 in February. Bloomberg reported, "The latest advance extends a series of healthy readings in the survey-based measure of manufacturing that’s being fueled by improving global economies and firm business investment." 15 out of 18 sectors within manufacturing showed growth, especially printing, primary metals, and machinery. 

Manufacturing in U.S. Expands at Fastest Pace Since May 2004Source: http://www.bloomberg.com

The latest advance extends a series of healthy readings in the survey-based measure of manufacturing that’s being fueled by improving global economies and firm business investment. It also comes on the heels of a late-year pickup in consumer spending, which advanced in the fourth quarter at the fastest pace in more than a year. The purchasing managers group’s gauge of export orders was the strongest since April 2011. While orders and production were a touch weaker in February than the prior month, the readings are nonetheless robust. Read More

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