Stronger Factories, Lower Prices Lift Economy

Wanted to be sure you saw this article by the Associated Press on how manufacturing continues to lead our economic recovery. While Republicans still don’t have a comprehensive jobs plan,  Democrats are focused on bolstering the manufacturing sector and strengthening our economy through our Make It In America plan – a plan to support job creation by cultivating an encouraging environment for more businesses to innovate and make products here in the U.S. 

Key excerpts:  

“Data issued Wednesday point to an economy growing slowly but steadily… ‘The continued resilience of manufacturing is encouraging, since this should be the sector most exposed to the global economic slowdown,’ said Paul Ashworth, chief U.S. economist with Capital Economics.” 

“Industrial production rose in October at the fastest pace in three months. Output at the nation's factories, utilities and mines rose 0.7 percent last month, the Federal Reserve said Wednesday.” 

“Factory output, the largest component of industrial production, increased a solid 0.5 percent. It was the fourth straight monthly gain. Factories made more trucks, electronics and business equipment.” 

“Manufacturers ‘are benefiting from the strong growth in emerging markets, and domestic businesses are confident enough in the future to continue expanding purchases of capital equipment,’ said Daniel Meckstroth, chief economist for the Manufacturers Alliance/MAPI, a trade group.”