Bloomberg (May 10)
In the U.S., “once-ailing manufacturers are enjoying a robust rebound as cost-saving moves from job cuts to a greater reliance on technology help drive stronger-than-forecast growth.” Some analysts predict a “manufacturing renaissance,” with industry leading expansion in the U.S. economy and stock markets. Manufacturing productivity increased 5.9% during 2010, the third largest gain since the Labor Department began tracking in 1987. U.S. manufacturers are also benefiting from strengthened exports on the back of a weaker dollar. Companies like Siemens are even expanding manufacturing in the U.S. because this can be more cost efficient than importing from China.
In the U.S., “once-ailing manufacturers are enjoying a robust rebound as cost-saving moves from job cuts to a greater reliance on technology help drive stronger-than-forecast growth.” Some analysts predict a “manufacturing renaissance,” with industry leading the U.S. economy and stock markets into expansion. Manufacturing productivity increased 5.9% during 2010, the third largest gain since the Labor Department began tracking in 1987. U.S. manufacturers are also benefiting from strengthened exports on the back of a weaker dollar. Companies like Siemens are even expanding manufacturing in the U.S. because this can be more cost efficient than importing from China.
Tags: China, Economy, Manufacturing, Markets, U.S.
