Why Manufacturing Is in a Slump, Despite Signs of a Renaissance
null By David HarrisonDec. 31, 2023 5:30 am ETDeere expects high interest rates to reduce sales of large agricultural equipment as much as 15% in 2024. Photo: Joe Buglewicz/Bloomberg NewsU.S. manufacturing is entering a golden age, with government subsidies sparking a boom in factory construction.Yet the industry is also mired in the longest slump in more than two decades. Activity has weakened for 13 straight months, the longest stretch since 2002, according to surveys of purchasing managers by the Institute for Supply Management.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersTurboTax: Up to 10% off online tax services with TurboTax discount codeThe Motley Fool: Epic Bundle - 3x Expert Stock RecommendationsH&R Block Tax: Get 20% Off H&R Block tax software productsTop Resume: Top Resume Coupon: 10% Off professional resume writingeBay: Unlock 10% Off orders With this eBay couponGroupon: Extra 30% off the sale price with G
null 
Deere expects high interest rates to reduce sales of large agricultural equipment as much as 15% in 2024. Photo: Joe Buglewicz/Bloomberg News
Dec. 31, 2023 5:30 am ET
U.S. manufacturing is entering a golden age, with government subsidies sparking a boom in factory construction.
Yet the industry is also mired in the longest slump in more than two decades. Activity has weakened for 13 straight months, the longest stretch since 2002, according to surveys of purchasing managers by the Institute for Supply Management.
Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Sponsored Offers
- TurboTax:
Up to 10% off online tax services with TurboTax discount code - The Motley Fool:
Epic Bundle - 3x Expert Stock Recommendations - H&R Block Tax:
Get 20% Off H&R Block tax software products - Top Resume:
Top Resume Coupon: 10% Off professional resume writing - eBay:
Unlock 10% Off orders With this eBay coupon - Groupon:
Extra 30% off the sale price with Groupon discount code
What's Your Reaction?
