[ April 25, 2024 ]
Despite the Democrats locking up Americans in their homes…..manufacturing soars.
Fasten your seatbelts. America is going to come roaring back, leaving the decaying, decrepit Democrat cities in the dust.
US Manufacturing Soars to 15-Month High: ISM
Manufacturing in the United States, as measured by a key business activity gauge, surged to a 15-month high in July, exceeding economists’ expectations.
Story continues below advertisementThe Institute for Supply Management (ISM) business survey, published Aug. 3, shows that its topline manufacturing activity indicator, called the Purchasing Managers’ Index (PMI), surged to a reading of 54.2 in July.
Readings above 50 indicate expansion, while those below mean contraction.
“The PMI signaled a continued rebuilding of economic activity in July and reached its highest level of expansion since March 2019,” Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee, said in a statement (pdf).
Economists polled by Reuters predicted the manufacturing index would rise to 53.6 in July, so the higher-than-expected number is encouraging, particularly in light of April’s 11-year low of 41.5.
“In July, manufacturing continued its recovery after the disruption caused by the coronavirus pandemic,” Fiore said.
Still, the slowing dynamics of month-over-month expansion in the manufacturing index, from 9.5 percentage point growth from May to June, compared to a 1.6 percentage point rise from June to July, fuel speculation about the sustainability of the economic recovery, especially in light of a recent surge in reported COVID-19 cases in parts of the country.
“Manufacturing is recovering from low levels and the outlook is uncertain, given the threat of repeated disruptions from virus outbreaks,” Rubeela Farooqi, chief U.S. economist at High Frequency Economics, told The Associated Press.
Another manufacturing sector gauge tapped by ISM in the survey is the New Orders measure, which soared to 61.5, up 5.1 percentage points from June.
“Orders starting to pick up. [An] increase of about 35 percent to 40 percent,” a chemical product manufacturing executive said.
“Incoming orders are slow. This is usually our busiest time of the year, but production is reduced due to lack of demand. Additional layoffs expected,” an executive at a furniture maker said.
Another gauge, the production index, showed 4.8 percentage point growth from June to July, coming in at 62.1, the highest reading of all the ISM gauges.
“Manufacturing outlook has improved greatly in June, as business has resumed at nearly 100 percent. We have implemented a number of safeguards that are costing extra money, but we are running,” an executive at a computer and electronics products maker said.
Other executives were downbeat in their responses to the ISM survey, which asks business leaders if their companies are performing better compared to the previous month.
“Overall business remains down almost 70 percent,” said an executive at a manufacturer of transportation equipment. “We are hanging on to as many employees as possible, but we will have to lay off 30 percent or more for at least two to three months until September or October.”
While factory employment improved in July, it remained in contraction territory. The Employment index showed a reading of 44.3. While up by 2.2 percentage points from June’s reading of 42.1, it suggests a continued trend of manufacturers shedding jobs, though at a slowing rate.
Manufacturing accounts for about 11 percent of the U.S. economy.
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22 Comments
3 years ago
3 years ago
Reply to
AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
Trump is rabidly anti-capitalist. He imposed tariffs on China, and he bailed out corporations.
3 years ago
Reply to
AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
This is like viewing a North Korean propaganda poster of Kim.
3 years ago
Reply to
Jamesthethird
Says the guy who holds up his favorite Obama poster with his left hand while his right hand is getting naughty with himself…..
3 years ago
Reply to
ed
No doubts you will be holding up a poster of tRump whilst kissing the bottom half of the rear side.
3 years ago
Reply to
Jamesthethird
Did I hurt it’s little feelings ?? Are you going to go firebomb a federal courthouse or a police car now ??? Mommy said your rent on her basement was due back on the 1st of the month…..
3 years ago
Reply to
ed
Looks like you’re the one with the hurt feelings (Mr) Ed. Why do you right wing bottom feeders always copy & paste the same insults. Can’t you think of anything on your own?
3 years ago
Reply to
Jamesthethird
Are your parents related to George Foreman, who named all his kids, even the girls…”George” ?? Have your folks had any kids named James, including you, Jamesthe3rd, that lived ???? How many riots–I mean “peaceful protests”– were you in today ???
3 years ago
Reply to
Jamesthethird
Are your parents related to George Foreman, who named all his kids, even the girls…”George” ?? Have your folks had any kids named James, including you, Jamesthe3rd, that lived ???? How many riots–I mean “peaceful protests”– were you in today ???
3 years ago
Reply to
Jamesthethird
Mommy and daddy musta got it wrong with James the first, second AND third. Are they trying for James the fourth to have a kid that finally lives ???
3 years ago
3 years ago
Is this a joke?
3 years ago
Looks like even more election meddling.
3 years ago
Reply to
anonQ
That is the game plan.
Keep businesses, schools and everything else closed to try and destroy our economy, make people nuts and believe this will have people vote for Biden. This is another reason why they need mail in votes for fraud. DEMS want as much chaos and mayhem as possible.
3 years ago
Reply to
felix1999
You are pretty much spot on. They are already blatantly cheating with mail in votes. Our old voting system worked very well, so why does anyone think they had to fix it when it wasn’t broken in the first place. Pass this one on to everyone you know.
3 years ago
The United States recorded a government debt equivalent to 106.90 percent of the country’s Gross Domestic Product in 2019.
Government Debt to GDP in the United States is expected to reach 120.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Gross Federal Debt to GDP is projected to trend around 125.00 percent in 2021 and 122.00 percent in 2022, according to our econometric models.
https://tradingeconomics.com/united-states/government-debt-to-gdp
We are in a death spiral.
3 years ago
Reply to
CharlieSeattle
Things were going well before the pandemic came along. We can recover but not by Biden….. Trump is doing what he can under the circumstances. As much as I hate the idea of another stimulus it is needed. People are defaulting on their mortgages and about to be evicted and blue states refuse to open up and cooperate with Trump. Instead of blaming Trump you should be blaming the Demoncrappers. They want to shove in money for ILLEGALS out of work and some other outrageous demands like 3-4 billion on schools they don’t want open and if they do, that would be the price for it etc…
If you want Biden, go ahead and vote for him!
You have never been a Trump fan.
No, we are not in a “death spiral”.
Donald Trump’s Visa Worker Reforms: ‘Tip of the Iceberg’
NEIL MUNRO 4 Aug 2020
https://www.breitbart.com/immigration/2020/08/04/donald-trump-visa-worker-reforms-tip-iceberg/
I also like Trump’s move on Tik Tok or whatever it is called. He gave Microsoft a deadline of 9/15/20 to work out a sale or it will be banned. Let Microsoft buy it, worry about controlling them later. Stopping China from vacuuming up U.S. citizen personal information for nefarious reasons has to be stopped. It also sends a message to other U.S. companies to continue coming back and not to go over there in the first place. China doesn’t play by the rules and they steal technology and personal information.
USMCA was also a huge win for the U.S. and plugged up loophole where they cheated and now WE benefit from it and stop the hemorrhaging trade imbalance from NAFTA which was a disaster. Having Mexico help protect OUR borders was also a money saver by having less illegals come here and less drug trafficking. Your career, swamp boy, Ted Cruz would never had done any of this and his RECORD of it!
I also like Trump’s involving the National Production Act to retool Kodak to be a pharm. manufacture and ending our dependence on China and India for critical drugs we need for our citizens at lower prices. Kodak was delighted to be relevant again.
Now Medicare can finally negotiate on drug pricing – who happens to be the largest buyer in the world and also now has the freedom to purchase drugs from Canada if U.S. drug manufacturers still want gauge US to pay higher prices and subsidize foreign countries they sell to for LESS. There is more but this is what comes to mind first.
So, when you look at the BIGGER picture, there is allot of hope. Maybe it’s time you became a little more informed on what Trump is doing on the economic front? I don’t like Javanka contributions or their puffed up roles, but Trump has done allot for our country and continues to do more under adverse circumstances. The stock market also disagrees with you… Time to start supporting Trump!
3 years ago
Reply to
CharlieSeattle
I am well aware of that and what I stated is relevant and why there is hope for rational people.
I doubt you bothered to read my reply. Your blame Trump hatred blinds you. Just take a look at your city, Seattle. Seattle didn’t become a shiithole over night. It’s been in decline for decades and you blame Trump for it. You never blame the people who live there or people like yourself who just constantly bellyache about it and want OTHERS to fix it.
That Lenin statute has been in your beloved Seattle since the 90’s. Had your swamp boy Cruz been elected, again, his career as a politician shows he continues to be all talk. All he knows is having his wife be a campaign money mule for Goldman Sachs to fund his campaign so he could continue to do their bidding as he always have once he got in. That’s how it is with career politicians. Beyond working in a government position and a law firm, Cruz knows nothing about the business world except to get his masters, cheap labor through VISAS and he did just that under GWB when GWB was a Governor. Yes yes I know, Cruz sounds better and lies easily. He will tell you what you want to hear and as his political record consistently shows, did nothing about it and didn’t follow through on any of those vote getting promises.
You are hopeless, CharlieSeattle. Nothing Trump does ever satisfies you. When facts and actions are pointed out to you, you try to sweep them away as not relevant and offer no alternative course because there is none, based on the circumstances. Prior to the Chinese virus we were doing fine through trade, closing the trade imbalance and reducing our debt and still you had complaints. Trump doesn’t have line item veto so he is forced to compromise more than he would like to but why bother to go into that with you? It is a waste of time. Continue to blame Trump, refuse to accept the 2016 outcome like other liberals for different reasons. You are no better than a bitter liberal and frankly I am tired of it.
We’ll be voting Trump and you can vote for Biden. Biden will give you that worry free utopia that Trump can’t give you. Trump has done the best he could without the support of his own party under the circumstances. Trump is not a dictator.
3 years ago
Reply to
felix1999
Hate? …Your words not mine!
I expected more out of Trump. 3-3/4 years wasted.
