U.S. Outlook: Another leg down for manufacturing

Scott Anderson
Posted by Scott Anderson
Chief Economist

It was another week of disappointing readings on the state of U.S. manufacturing.

graph shwing downward trend in manufacturingFrom regional manufacturing surveys to durable good orders, the near-term outlook for U.S. manufacturing remains moribund.

For more analysis of this and what’s happening in the broader economy, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Jan. 29.

Key observations:
  • U.S. manufacturers account for 8.6% of total employment in the United States.
  • Every U.S. recession since the 1970s has either been preceded by or happened currently with a recession in manufacturing.
  • Following strong job growth of 215,000 jobs in 2014, the manufacturing sector added only 30,000 jobs in 2015.
  • So far the U.S. consumer is still holding up well, supporting nearly 70% of the nation’s GDP.
Click here to read my full report.

Reminder: All comments are moderated prior to publication and must follow our Community Guidelines.

  • Anonymous says:

    As discussed.

    Reply | 3 years ago

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