Skip to comments.'US INDUSTRY IS BOOMING AGAIN'
Posted on 06/23/2014 10:47:59 AM PDT by blam
June 23, 2014
U.S. manufacturing activity is at its highest level since May 2010.
According to Markit, the U.S. Flash manufacturing purchasing managers index (PMI) unexpectedly jumped to 57.5 in June from 56.4 in May.
"U.S. industry is booming again," said Markit's Chris Williamson.
"The latest rise in the headline PMI was driven by the fastest output and new orders growth for just over four years," reported Markit.
Economists surveyed by Bloomberg expected this activity index to fall to 56.0.
Here are the key points from Markit: Output and new orders rise at faster rates in June Solid increase in payroll numbers Cost inflation hits five-month high
"The strong reading also rounds off the best quarter for factories for four years, adding to indications that the US economy rebounded strongly in the second quarter from the weather-related weakness seen at the start of the year," said Williamson. "The survey data suggest that GDP should be set to rise by at least 3.0% after the 1.0% decline in the first quarter."
(Excerpt) Read more at businessinsider.com ...
There’s that word again.
Obama to take credit in 3..2..1...
Sorry. I don’t believe any positive news as all the other positive news has turned out to be untrue. Fool me once...
Business Insider is a hard-left Obama supporter. I don’t believe them when they tell me what day it is.
Whatever little manufacturing is left here, that isn’t on life support from .gov, must be having a teensie little uptick, but will probably be “unexpectedly” corrected later on.
It must be the good weather causing this uptick . .
Despite the asshats in charge, I truly believe things are getting better. It will certainly help if we had pro American, free market, less regulated market, but I think this nonsense is now part of the calculus in business.
I look around my area, and there is “some work”.
I have hope that we all will do better in the upcoming year.
I pray and I think the needle is stingily moving north.
Business Insider publishes a steady stream of
“ everything’s wonderful in Amerika with Obama” articles. But there still are hardly any jobs for millions and millions and millions of American citizens.
BS on the chart. Are these the same people who came up with the Auschwitz ruse, “No, really—those are showers”.
Fool me once shame on you! Fool me twice shame on me!!!
—>> US Industry Booming <—
Too bad it all moved to Mexico and China before it started booming.
Automated factories can boost production while downsizing the labor force. In the Obamacare over-regulated zero-interest capital-friendly-investment world we now live in, it would seem obvious that humans will be right-sized while the machines take over. Manufacturing is following in the footsteps of agriculture. National agriculture requires 3% of the work force to run. When manufacturing hits that number, the process to fully automate manufacturing will be complete. Without pesky humans to get in the way, productivity will maintain or go up based on the need to supply the market.
It will go down again this month because of all the unexpected rain and flooding.
There is a real manufacturing boom in all industries related to the oil/gas boom. It goes down to the steel industry for equipment, rail industry for transport, and at the far end the chemical industry for product.
Keep in mind that all of this is activity obama would love to stop.
Don’t you know that “unexpected” good news always precedes any major election when Democrats are in power?
This is simply the “unexpected” good news before the 2014 election.
You can notice just when things started getting bad, in Jan.2007. Gee, what else happened at that time? I know.That’s when the Democrats took over Congress. Been going south ever since.
Comrades! cried an eager youthful voice. Attention, comrades! We have glorious news for you. We have won the battle of production! Returns ...
Heh. “Unexpected” is all I’ve been hearing from the DBMs for the past 2-3yrs. They’re doing quite a prep job.
I want it to be better too, but there is little to nothing out there to support any growth. Don’t believe the stock market. It’s not even connected to the economy anymore. A lot of the stocks are being bought with money printed by the Fed. It’s a bubble that’s going to burst
So the PMI is sitting less than it was in ‘07, and your are telling us mfg. is booming? Sell that sh__ sandwich elsewhere.
Oh OK Oh happy days are here again.
does anyone really believe this kind of headline?
Even if this were true, you can bet the farm dear leader will step in and screw it up.
“”Unexpectedly” is the code-word for “until it is revised downward next month.””
That is an excellent summary. And the correction will be on page 27.