alt Hacker NewsI get that statistics can be manipulated but...
https://www.ismworld.org/supply-management-news-and-reports/...
> Economic activity in the manufacturing sector expanded in July for the seventh consecutive month, say the nation’s supply executives in the latest ISM® Manufacturing PMI® Report.
> The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee.
> “The Manufacturing PMI® registered 55.6 percent in July, 2.3 percentage points above the June figure and the highest reading since May 2022 (55.9 percent). The overall economy continued in expansion for the 21st month in a row.
Replies
Manufacturing has never really declined in US, not in absolute terms.
It's simply facing the same fate of agriculture: automation.
Politicians want to sell to people they can bring back manufacturing jobs, but it's not like in china they making cars or batteries or chips by hand. It's all automated everywhere.
Every founder I know in manufacturing is thankful for this admin. There is a ton of invested interest in not having tariffs or a pro-manufacturing industrial policy as a lot of people got rich shipping it overseas. For some reason this is all ignored because the president is a very unpopular person (for obvious reasons)
PMI is a sentiment survey of 400 manufacturing executives. Vibes only.