Let's say cheers for US manufacturing:
American manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a a survey of industry executives.This is really good news.
The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month from 58.1% in July. Economists surveyed by MarketWatch had forecast the index to total 57.9%.
Readings over 50% indicate more companies are expanding instead of shrinking.
We need a vibrant manufacturing sector to compete in the international economy. Also, manufacturing pays better and provides opportunities for people with engineering backgrounds.
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