Manufacturing’s Slump Persists Amid Renaissance Indications

TL/DR –

The U.S. manufacturing sector is experiencing a boom in factory construction due to government subsidies, suggesting a potential golden age. However, it is also experiencing its longest slump in over 20 years, with activity declining for 13 consecutive months, the longest such period since 2002. This information is based on surveys carried out by the Institute for Supply Management with purchasing managers.

U.S. Manufacturing Enters Golden Age Amid Slump

The landscape of U.S. manufacturing is experiencing a renaissance, driven by an increase in factory construction owing to government subsidies. However, the industry is simultaneously grappling with its longest slump in over two decades.

Despite the boom in construction, manufacturing activity has been on a downtrend for an unprecedented 13 consecutive months, marking the longest period of weakness since 2002. This data comes from surveys conducted by the Institute for Supply Management, assessing the purchasing managers’ perceptions.

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