US Economy - News, Updates and Discussion

[dbc]

Taking inflation into account, manufacturing may have dropped per capita. I remember when I was little in the 1990s there used to be GE TVs. Now there's no more GE TVs.

I guess you don't understand the meaning of current USD, my figures are inflation adjusted.

 

[Beijingwalker]

Global share? China’s manufacturing output in 2021 was 4.5 trillion USD vs 2.5 Trillion for the US. China's Global Share in 2021 was 28% vs 16%, for the US. The US share has increased YoY - while China’s growth has declined since 2020. So you are wrong about US Manufacturing declining.

US manufacturing PMI falls to 47.9 in December​

02 Jan, 2024 15:43

S&P Global's manufacturing PMI fell to 47.9 points in December, down from 49.40 in November and a preliminary reading of 48.2, indicating that manufacturing conditions had deteriorated further last month.

Output returned to a decline and the downturn in new orders gathered pace, selling prices increased at the quickest rate since April, and muted client demand led to a third successive monthly drop in employment.

Business confidence, on the other hand, rose to a three-month high.

The manufacturing PMI hit an all-time high of 63.4 in July 2021, while its record low of 36.1 points was recorded in April 2020.

US manufacturing PMI falls to 47.9 in December

S&P Global's manufacturing PMI fell to 47.9 points in December, down from 49.40 in November and a preliminary reading of 48.2, indicating that manufacturing conditions had deteriorated further last month.

www.sharecast.com

 

[dbc]

US manufacturing PMI falls to 47.9 in December​

02 Jan, 2024 15:43

S&P Global's manufacturing PMI fell to 47.9 points in December, down from 49.40 in November and a preliminary reading of 48.2, indicating that manufacturing conditions had deteriorated further last month.

Output returned to a decline and the downturn in new orders gathered pace, selling prices increased at the quickest rate since April, and muted client demand led to a third successive monthly drop in employment.

Business confidence, on the other hand, rose to a three-month high.

The manufacturing PMI hit an all-time high of 63.4 in July 2021, while its record low of 36.1 points was recorded in April 2020.

US manufacturing PMI falls to 47.9 in December

S&P Global's manufacturing PMI fell to 47.9 points in December, down from 49.40 in November and a preliminary reading of 48.2, indicating that manufacturing conditions had deteriorated further last month.

www.sharecast.com

Of course December is the holiday season. What next? Water is wet?

 

[Beijingwalker]

14 months in a row – U.S. manufacturing continues to decline​

The American manufacturing sector contracted in December for the 14th consecutive month. The Institute for Supply Management’s index came in at 47.4%, a slight easing from November, but still a decline. Any reading below 50 indicates a contraction.

As of October, the sector is in its longest stretch of decline since the Great Recession in 2008.

14 months in a row – U.S. manufacturing continues to decline - Furniture Today

The American manufacturing sector contracted in December for the 14th consecutive month.

www.furnituretoday.com

 

[dbc]

14 months in a row – U.S. manufacturing continues to decline​

14 months in a row – U.S. manufacturing continues to decline - Furniture Today

The American manufacturing sector contracted in December for the 14th consecutive month.

www.furnituretoday.com

LMAO you are citing Furtuniture Daily?

 

[Beijingwalker]

LMAO you are citing Furtuniture Daily?

What sources are you citing? Yourself?

 

[dbc]

What sources are you citing? Yourself?

World bank

World Bank Open Data

Free and open access to global development data

data.worldbank.org

 

[Beijingwalker]

World bank

Link?

 

[Beijingwalker]

This is so called US growth, inflation based consumption

Housing is now unaffordable for a record half of all U.S. renters, study finds​

https://www.npr.org/2024/01/25/1225957874/housing-unaffordable-for-record-half-all-u-s-renters-study-finds

Harvard scholars say a record number of Americans are spending more than half their income on rent​

https://www.fastcompany.com/91017094/harvard-scholars-say-record-number-of-americans-spending-half-their-income-on-rent

 

[Beijingwalker]

U.S. Manufacturing Technology Orders Fall Despite Economy’s Soft Landing​

January 11, 2024

U.S. Manufacturing Technology Orders Fall Despite Economy’s Soft Landing – Metrology and Quality News - Online Magazine

Contract machine shops, the largest consumer of manufacturing technology, decreased their November orders by nearly 16% from October 2023.

metrology.news

 

[Beijingwalker]

US industrial and manufacturing sector, which is something truly matters to a country's overall real comprehensive strength, is fast dying.

 

[dbc]

This is so called US growth, inflation based consumption

Housing is now unaffordable for a record half of all U.S. renters, study finds​

https://www.npr.org/2024/01/25/1225957874/housing-unaffordable-for-record-half-all-u-s-renters-study-finds

I see you’ve shifted the goal post. Millions can't afford a home in China as well - so what?

 

[Beijingwalker]

I see you’ve shifted the goal post. Millions can't afford a home in China as well - so what?

No " World bank" links?

 

[dbc]

US industrial and manufacturing sector, which is something truly matters to a country's overall real comprehensive strength, is fast dying.

Oh my! US Manufacturing went from declining to dying in a hurry.
I will withdraw from this discussion. Have a pleasant day Mr. Walker.

 

[samejjangir]

US Manufacturing output was 1.4 trillion USD in 1997. 2.5 trillion USD in 2021 both numbers are in current US Dollars. So how exactly is manufacturing shrinking?

The high production figures is because of overpriced semiconductors rather than increased quantity in tonnage. The high production of mobiles and computers using USA made chipsets and electronics are the only lifeline for USA economy. USA has lost ground in everything else - steel, aluminium, automobiles, consumer durables, plastics, clothes, pharma etc.