Manufacturing’s Silver Lining

May 03, 2016

There is one positive aspect of U.S. manufacturing’s recent performance. While uninspiring, the rate of growth is broadening to include almost all types of producers.

The numbers of industries reporting gains in orders and production have more than doubled since the start of the year to include almost all areas, according to results of a survey by the Institute for Supply Management issued Monday. The Tempe, Arizona-based purchasers group’s factory index showed growth generally cooled in April from the prior month

Fifteen of 18 manufacturing sectors reported orders growth last month, the most since February 2013 and an indication that the beleaguered industry is on a sustainable path toward recovery. A three-month slide in the dollar along with a rebound in oil and other commodities prices are welcome news for American factories still waiting for global markets to firm up.

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