U.S. Manufacturing Has Best Year in Over a Decade in Trump’s First Year U.S. Manufacturing Has Best Year in Over a Decade in Trump’s First Year – NTK Network

U.S. Manufacturing Has Best Year in Over a Decade in Trump’s First Year

The president promised on the campaign trail to bring back manufacturing jobs, and now the industrial sector is booming.

By NTK Staff | 01.03.2018 @4:00pm
U.S. Manufacturing Has Best Year in Over a Decade in Trump’s First Year

President Trump’s first year in office saw the fastest growth in the American manufacturing sector in over a decade, after Trump promised as a candidate to bring back jobs in the industry.

According to Katia Dmitrieva of BloombergMarkets, U.S. manufacturing had its best year since 2004, with the pace of production picking up at the end of the year:

U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Wednesday.

The news only gets better, with markets predicting that manufacturing activity will continue to rise as factories attempt to catch up with “mounting order backlogs amid declining customer inventories.”

Dmitrieva wrote that “more domestic business investment, improving global economies and steady spending by American households” helped influence the rise in production.

The information is welcome news at the end of Trump’s first year. Through the first 11 months of 2017, the United States added 138,000 manufacturing jobs versus losing 34,000 manufacturing jobs in President Obama’s last year, according to CNN.

The president continues to make efforts to bring back American manufacturing, engaging in NAFTA renegotiation talks with Mexico and Canada. If the manufacturing sector continues its strong growth, Trump can consider his promise kept.

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