Factory Activity Shows USA Is Shaking Off the Obama Years

 

The bad news flowed non-stop Monday, so I wanted to post something a little more positive. Restoring America to greatness has not stopped for 8+ months.

While the Left enjoys measuring the speed bumps and rejoicing at the slow-downs, most of us here on the right are looking at the eight-month journey as a whole and what we see is Great News getting better all the time.

This Reuters story just hit and wow is it pleasing! National factory activity index is the highest in 13 years!

Hurricanes Harvey, Irma Lift U.S. Factory Activity Index To 13-year High

A measure of U.S. manufacturing activity surged to a near 13-1/2-year high in September as disruptions to the supply chains caused by Hurricanes Harvey and Irma resulted in factories taking longer to deliver goods and boosted raw material prices.

Still, details of the Institute for Supply Management’s (ISM) survey on Monday underscored the economy’s underlying momentum, with factories reporting stronger order growth last month. A measure of factory employment hit its highest level since 2011.

Even spinning the hurricanes into the story doesn’t change the fact that this is a continuation of good news. The hurricanes did not cause all this growth; it was already happening.

“Much of the gain is presumably linked to the aftereffects of the hurricanes. Nonetheless, manufacturing growth is strong,” said John Ryding, chief economist at RDQ Economics in New York.

ISM said its index of national factory activity surged to a reading of 60.8 last month, the highest reading since May 2004, from 58.8 in August. A reading above 50 in the ISM index indicates an expansion in manufacturing, which accounts for about 12 percent of the U.S. economy.

It’s a pretty good story about manufacturing’s future. Click the link to check it out. America, keep on Winning!

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There are 14 comments.

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  1. dnewlander Coolidge
    dnewlander
    @dnewlander

    I really like how it’s all about the hurricanes. If only Obama had been fortunate enough to have two hurricanes hit right after each other. We’d all be driving Rolls Royces by now!

    • #1
  2. dnewlander Coolidge
    dnewlander
    @dnewlander

    Also, having done a not-small-amount of supply chain planning, I can honestly say no matter what you’re talking about, the supply chain is longer than a month.

    • #2
  3. MJBubba Inactive
    MJBubba
    @MJBubba

    Gee, it seems like winning to me.

    Thanks, JcTPatriot.  This is a pleasant diversion from the awful news of the day.

    Manufacturers are benefitting from businesses who are happy to have the Trump Administration taking the government boot off their necks.

    • #3
  4. Fake John/Jane Galt Coolidge
    Fake John/Jane Galt
    @FakeJohnJaneGalt

    Things are getting better.  I am in a service industry.  IT support to various companies.  I see economic changes in my A/R.  Payment times are reduced.  Whole payments instead of partials.  New projects being planned before end of year to get tax deductions on profits.  These are things I have not seen during the Obama years where the strategy was stretch payments and only maintenance projects.  Time are a changing.  I am cautiously optimistic.  I hope Trump and team can keep it going.

    • #4
  5. RushBabe49 Thatcher
    RushBabe49
    @RushBabe49

    As I replied to my colleague at ISM National, we get results!  I compile the local survey for Western Washington, as well as contributing to the National survey for my company.  A spirit of optimism is creeping up on the economy.

    • #5
  6. JcTPatriot Inactive
    JcTPatriot
    @JcTPatriot

    RushBabe49 (View Comment):
    As I replied to my colleague at ISM National, we get results! I compile the local survey for Western Washington, as well as contributing to the National survey for my company. A spirit of optimism is creeping up on the economy.

    Any “unofficial” numbers you can share to cheer us up? I mean, all I have to do is look at my 401(k) and my optimism goes up. :-)

    • #6
  7. MJBubba Inactive
    MJBubba
    @MJBubba

    RushBabe49 (View Comment):
    As I replied to my colleague at ISM National, we get results! I compile the local survey for Western Washington, as well as contributing to the National survey for my company. A spirit of optimism is creeping up on the economy.

    That is what has lifted the stock market.

    • #7
  8. RushBabe49 Thatcher
    RushBabe49
    @RushBabe49

    The monthly ISM report is the best single indicator of current economic activity in the world.  I have been doing the Western Washington report since 1999, and I have expanded the list of entities who receive our data by at least 10X.  National moves markets regularly, in both directions.  Last February, I happened to be in Phoenix for a Hillsdale College function, so I was able to drop in on the folks who are responsible for the National report.  They are wonderful people, and do a great job.  They follow up by email and phone to make sure that all the National respondents submit their surveys.

    • #8
  9. Arahant Member
    Arahant
    @Arahant

    Thanks for bringing this to attention.

    • #9
  10. blood thirsty neocon Inactive
    blood thirsty neocon
    @bloodthirstyneocon

    Winner, winner, chicken dinner! Great work, @jctpatriot! Where and when should we schedule the Ricochet group hug? Will it take a year or two years of consistently good numbers before a certain faction admits the Trump boom is real?

    • #10
  11. Fake John/Jane Galt Coolidge
    Fake John/Jane Galt
    @FakeJohnJaneGalt

    blood thirsty neocon (View Comment):
    Winner, winner, chicken dinner! Great work, @jctpatriot! Where and when should we schedule the Ricochet group hug? Will it take a year or two years of consistently good numbers before a certain faction admits the Trump boom is real?

    That is not going to happen.  They best you are going to get (and that I have already heard) is that the bump is not because of Trump but because of a lack of Obama.  Basically this bump would occur to anybody that became President once Obama left office.

    • #11
  12. ModEcon Inactive
    ModEcon
    @ModEcon

    Fake John/Jane Galt (View Comment):

    blood thirsty neocon (View Comment):
    Winner, winner, chicken dinner! Great work, @jctpatriot! Where and when should we schedule the Ricochet group hug? Will it take a year or two years of consistently good numbers before a certain faction admits the Trump boom is real?

    That is not going to happen. They best you are going to get (and that I have already heard) is that the bump is not because of Trump but because of a lack of Obama. Basically this bump would occur to anybody that became President once Obama left office.

    Well, anybody with an (R). I don’t think Hillary would have gotten such a bump.

    • #12
  13. blood thirsty neocon Inactive
    blood thirsty neocon
    @bloodthirstyneocon

    ModEcon (View Comment):

    Fake John/Jane Galt (View Comment):

    blood thirsty neocon (View Comment):
    Winner, winner, chicken dinner! Great work, @jctpatriot! Where and when should we schedule the Ricochet group hug? Will it take a year or two years of consistently good numbers before a certain faction admits the Trump boom is real?

    That is not going to happen. They best you are going to get (and that I have already heard) is that the bump is not because of Trump but because of a lack of Obama. Basically this bump would occur to anybody that became President once Obama left office.

    Well, anybody with an (R). I don’t think Hillary would have gotten such a bump.

    Wooooah! Let’s not go crazy here. Kasich too? I’m not so sure slashing regulations will get him into the pearly gates.

    • #13
  14. YouCantMeanThat Coolidge
    YouCantMeanThat
    @michaeleschmidt

    Utterly lacking science, but…

    I see so many hand-lettered “help wanted” signs that I suspect that they’ve run out of the fancy printed ones.

    • #14
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