US Manufacturing data; Treading water US still lead manufacturer.
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US Manufacturing has remained rather resilient in the last few years and has recovered nicely from the depths of the recession. Some tend to think that manufacturing in the US is somehow gone but the US is still the leading manufacturing country in the world. A good portion of manufacturing requiring large labor forces has been outsourced yet many of the higher end manufacturing functions are still within this country. High level technology, engineering, medical devices, and other such industries are still doing very well in this country. This kind of manufacturing data although positive for overall growth trends does not do much for those out of work. If we look at actual manufacturing data we are very close to contracting. Clearly this has been a very slow recovery. The chart below highlights this and any figure below 50 signifies a contraction:
The above is showing slow growth in US manufacturing.