Manufacturing Boom: Factory Activity Expands at Fastest Pace in 14 Years

Workers at the Hollywood Bed Frame Company attend an event to mark the company's upcoming expansion which will double the manufacturer's workforce, adding 100 new local jobs, at the company's factory in Commerce, California, seven miles (11 km) southeast from downtown Los Angeles, April 14, 2017. Hollywood Bed Frame says …
ROBYN BECK/AFP/Getty
JOHN CARNEY

A key aim of Donald Trump’s economic policies–the revival of American manufacturing–got a boost Tuesday when a new report showed that factory activity expanded at the strongest pace in more than 14 years.

The Institute for Supply Manuagement said its manufacturing index for August rose to 61.33, defying predictions that it would sink because of trade disputes.

August’s reading was the highest since May of 2004. In July, the index read 58.1.

The performance of the American economy has consistently defied forecasts based on the idea that trade disputes would cost jobs, slow the economy, or raise consumer prices.

 

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