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>If you take a look at the US manufacturing sector, the output is higher than ever You are incorrect. S&P Global US Manufacturing PMI Final March 49.2, down f
by baremetal 4y ago
>If you take a look at the US manufacturing sector, the output is higher than ever
You are incorrect.
S&P Global US Manufacturing PMI Final March 49.2, down from flash print at 49.3, but up from the 47.3 in Feb - that is the 5th straight month of contraction (sub-50)
ISM Manufacturing March dropped to 46.3, from 47.7, and below 47.5 expectations - that is the 5th straight monthly contraction to the lowest since May 2020
- whatshisface 4y agoThey're talking about outsourcing and offshoring, which is a process that takes place over decades, so you should be looking at statistics to match that. Over decades, it is indeed higher than ever. https://www.macrotrends.net/countries/USA/united-states/manufacturing-output https://www.macrotrends.net/countries/USA/united-states/manu...
- syzarian 4y agoI think parent is saying we manufacture more today in the U.S. than we did 30 years or so ago with fewer people.