With US manufacturing data showing recent growth, is the US manufacturing industry really in a perpetual state of decline? Well that depends on whom you ask.
According to the latest US manufacturing data, the US industrial sector has had a growth spurt in recent months. But according to some pundits, when looking at a longer timeline, US manufacturing is still in a state decline. Bob Stokes from financial forecasting and analysis firm Elliot Wave International says the US manufacturing industry is “shrinking”. “In 1970,…
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