[Intro]
Hello and welcome back to Moral Conviction News.
As always, I am the host & creator of the show, Seth Landers.
Today, I am going to be reading an article as usual about some great, fantastic news!
"U.S. Manufacturing Records Best Year Since 2004"
So I'm gonna read you the article and then I'll wrap up the video, giving my final thoughts.
So without further ado, let's begin...
Tom Ciccotta over at Breitbart News is reporting that United States manufacturing expanded in December at the fastest rate of the last three months,
ending the best year for manufacturing since 2004, according to a report by the Institute for Supply Management.
Although some companies reported difficulty in finding highly-skilled labor, the U.S. manufacturing sector recorded its best numbers in over a decade.
According to a report from Bloomberg News, 16 of the 18 manufacturing industries reported growth in December, notably machinery and computer and electronic products.
The report suggests that December's strong manufacturing numbers will carry over into 2018.
Bloomberg economists Carl Riccadonna and Yelena Shulyatyeva argue that the December numbers are a reflection of the manufacturing dip that took place in November:
Bloomberg Economics' assessment that the dip in the November ISM headline was a headfake proved accurate.
This was due to the alleviation of bottlenecks following the hurricanes, whereby supplier deliveries weighed on the headline.
The December results showed a payback for this effect.
However, it was not just that, as enthusiasm for the tax reform bill's passage bolstered business confidence.
This may not be the end of the ISM's climb, as both new orders and production posted further gains in the month.
Business sentiment has been high enough for long enough that it is actually starting to drive the "hard data" in a positive direction.
The December figures from the report were recorded prior to President Trump's signing of the tax reform bill, which provides firms with even more incentive to invest.
This is some great news!
My late father who was in the manufacturing industry, doing welding and stuff, would have been pleased to hear this kind of news. May he rest in paradise....
This is some fantastic news, I don't ho-- know what else I can say.
Be sure to subscribe for more videos just like this one, give this a like if you enjoyed it, and share it with all your friends.
For the next Moral Conviction News video, I'm Seth Landers.
Thanks for watching.
No comments:
Post a Comment