The U.S. economy is holding steady and jobs still haven’t fully recovered from the recession several years ago, but that hasn’t stopped the manufacturing industry from having a great year in 2013. The future looks even brighter for it, too.
- The manufacturing sector grew for the seventh straight month in December 2013.
- The U.S. economy has grown for 55 straight months through December.
- New orders and employment are both in positive territory.
- New orders are the highest they have been since 2010.
- Thirteen manufacturing industries expanded in December and only four contracted in December.
- In November and December manufacturing grew at its fastest rate since 2011.
- Rising sales, international demand, and investment are fueling the strong manufacturing numbers.
- In November construction spending increased to its highest point in more than four years.
- The 2014 forecasts for manufacturing growth increased from 2013’s.
10. Consumer confidence is at its highest level since 2008.
Of course, this good news doesn’t guarantee smooth sailing. We’ll see if things continue to play out well. It’s just nice to see that there are plenty of positive trends as we continue to do our best in a turbulent and ever-changing world.