The Great American Factory Comeback
America’s manufacturing sector is booming.
Orders are rising, factories are turning out more capital equipment, job openings are soaring, and purchasing managers say the expansion continued in August. Four reports released over the past few weeks approach the factory sector from different directions. All of them found accelerating strength in durable goods, the core of U.S. manufacturing .
The latest evidence comes from the Census Bureau’s report on factory orders. On Wednesday, Census told us that new factory orders rose 0.9 percent in July to $663.6 billion. That trounced expectations for 0.5 percent…
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