Thursday, December 18, 2014

Expansions - Alyssa Hamilton

The US factories, a large part of daily life in America. Not only do they provide what you find in your house, but for many they also provide jobs. The US manufacturing sector is still continuing to expand, which should be a good thing, but its growth rate hit an 11-month low, possibly causing mayhem in the industry. While the people in charge of this assure the public that it is okay, and is being handled, they have said that the data serves as a warning light to many that the fourth quarter is very likely to see a weakening in result.
Factories have always been a large part of the economy of the US, in the past when the factory business was just starting up the invention of interchangeable parts made the switch to larger factories easier and more effortless. Hopefully an event much like this will take place soon to pull the US manufacturing sector out of their slump.

http://www.reuters.com/article/2014/12/16/us-usa-economy-markit-manufacturing-idUSKBN0JU1RE20141216

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