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U.S. manufacturing growth outpaces the rest of the world
Posted on 3/7/23 at 6:12 pm
Posted on 3/7/23 at 6:12 pm
quote:
American manufacturing growth started outpacing the rest of the world's growth at the end of last year — for the first time in recent memory.
The big picture: The reasons for the surprising flip-flop are primarily energy and COVID-related, according to the Atlantic Council GeoEconomics Center.
Production of renewable energy equipment saw a big uptick in the U.S. last year, and oil exports soared, too.
Also: Domestic production of medical equipment like masks, gloves and pharmaceuticals grew.
Meanwhile, China’s manufacturing growth was muted because of its zero-COVID policies, while the eurozone’s production has been impacted by higher energy prices.
“While the rest of the world grew a little, the US surged,” the Atlantic Council wrote.
Details: The chart shows the difference between the U.S. and the world's (excluding the U.S.) industrial production year-over-year percent change. The Atlantic Council calculations are based on data from the Federal Reserve Bank of Dallas.
LINK
Posted on 3/7/23 at 6:14 pm to rickgrimes
Jacked up interest rates will take care of that...
Posted on 3/7/23 at 6:19 pm to rickgrimes
Gotta get that war machine rolling again. ![](https://images.tigerdroppings.com/Images/Icons/Iconusaflagsmiley.gif)
![](https://images.tigerdroppings.com/Images/Icons/Iconusaflagsmiley.gif)
Posted on 3/7/23 at 6:21 pm to rickgrimes
quote:
Production of renewable energy equipment
Isn’t this heavily government subsidized?
Posted on 3/7/23 at 6:27 pm to rickgrimes
![](https://m.media-amazon.com/images/I/614rsa4YMGL.jpg)
This post was edited on 3/7/23 at 6:28 pm
Posted on 3/7/23 at 6:55 pm to rickgrimes
quote:
China’s manufacturing growth was muted because of its zero-COVID policies
I’ve been shocked at how much China is destroying itself over Covid, moreso than here. Other nations went so far overboard with Covid policy it really could help us long term
Posted on 3/7/23 at 6:56 pm to rickgrimes
quote:
The reasons for the surprising flip-flop are primarily energy and COVID-related, according to the Atlantic Council GeoEconomics Center.
Can't wait for the "checkbox lady" to high step about this in a WH press conference.
Posted on 3/7/23 at 7:19 pm to rickgrimes
It’s all a reactionary cycle. I work for a large manufacturer. We have been “right sizing” manufacturing locations back to the U.S., or creating dual manufacturing hubs for the last couple of years, and it will only continue.
Posted on 3/7/23 at 7:31 pm to rickgrimes
quote:
Production of renewable energy equipment saw a big uptick in the U.S. last year
so making worthless shite with govt money
Posted on 3/7/23 at 7:46 pm to rickgrimes
quote:
for the first time in recent memory
Such lazy journalism. How about do some research and tell us the last time instead of going off your 24yr old memory.
Posted on 3/7/23 at 7:54 pm to rickgrimes
I call BS, Pravda U.S. trying to set a narrative.
Posted on 3/7/23 at 8:11 pm to rickgrimes
quote:
American manufacturing growth started outpacing the rest of the world's growth at the end of last year — for the first time in recent memory.
Let's go Brandon
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