Federal Reserve’s Beige Book Shows Signs of Improvement for Manufacturing Nationwide
The Federal Reserve’s Beige Book released today shows signs of improvement for manufacturing in districts across the nation.
According to Yahoo Finance, all twelve districts monitored in the report cited increases in manufacturing activity, and while some only reported modest growth, others showed substantial gains. Richmond and Chicago, for example, reported significant increases in auto and auto parts production, and metal service centers and steel plants in Cleveland reported that shipping volume “met or exceeded expectations”.
Though we’ve said it many times before, we’ll say it again: The steady growth we’re seeing in the manufacturing industry is good news, but we still have a long way to go. In order to ensure that this upward trend continues, it’s absolutely imperative that we implement a National Manufacturing Strategy.
To learn more about AAM’s plan for a National Manufacturing Strategy, click here.
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