It’s Getting Harder for the Media to Hide America’s Manufacturing Boom
\n\nThe American manufacturing sector’s renaissance was on clear display again in Tuesday’s durable goods release from the Census Bureau.
\n\nNew orders are up 8.0 percent year-to-date through September. Core capital goods orders—that is, orders for non-defense capital goods excluding aircraft—are up 10.9 percent. Primary metals orders are up 16 percent, fabricated metal products up 8.8 percent, machinery orders up 13.4 percent, electronic equipment and appliance orders up 6.5 percent, and computer and related equipment orders up a staggering 20.3 percent.
\n\nTake a step back and look at the longer time horizon. Compared with the January through September period of 2024, President Biden’s final year in office, durable goods orders are up 15.9 percent. Core capital goods orders are up 13.9 percent. Even if we deflate these numbers by the producer price index for private capital equipment, core capital goods orders are up 6.4 percent since the final Biden year.
\n\nThe report, in other words, describes a boom in demand for American-made durable goods. And factories are meeting that demand. Shipments of durable goods, for example, are up 8.5 percent. Core capital goods shipments are up 8.8 percent. Computer shipments…
Original source: https://www.breitbart.com/economy/
