- Tuesday, February 5th, 2008
- Posted by: Matt Grigsby
- Category: Economy, Manufacturing
Tags: bloomberg, buying, Economy, habits, industries, jobs, local, Manufacturing, production, service, states, united, US, USA
US Manufacturing Going Strong
Surprisingly, as US service industries shrank last month, factories expanded. Accounting for approximately 12 percent of the economy, manufacturing held strong in the United States. What does this say about our spending and production? Are consumers buying less as a result of higher prices and a loss in jobs? Bloomberg.com covers this pressing issue but neglects to mention the many eco-minded consumers who are now asking for locally made products, supporting manufacturers in the US while also buying less product in general. For the full article see bloomberg.com.
