U.S. manufacturing is not in decline but alive and well, producing record levels of output in recent quarters despite significant price deflation for manufactured goods. No other sector of the U.S. economy delivers greater value to American consumers than manufacturing when it comes to providing more and more output at prices that have declined annually by 2.64 percent in real inflation-adjusted terms over the past quarter century.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2018-08-31
CTE source: https://ctemag.com/news/us-manufacturing-sees-record-output-falling-prices/
Legacy path: /us-manufacturing-sees-record-output-falling-prices