President Donald Trump promised to keep as much manufacturing in the United States as possible and it appears that he is following through on that promise.
According to a new report that was published on Monday by the world’s oldest and largest supply management association, its manufacturing index rose to a record high of 57.8 percent in June, “the highest level since August 2014, when it registered 57.9 percent.”
“This indicates growth in manufacturing for the 10th consecutive month, the Institute for Supply Management announced. “A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.”
Conservative Tribune reports:
Furthermore, 15 of 18 industries reported growth, with only the apparel, textile mills and primary metals mills industries apparently contracting.
The index is compiled from a survey of top manufacturing executives who order supplies from ISM’s companies. It also included comments from those executives.
“Business is strong both domestically and internationally,” said one executive, described as in the “food, beverage and tobacco products” field. “Supplier deliveries are quick domestically, international supply chain is slowing. We are in a hiring mode.”
One executive from the “computer and electronics” sector agreed.
“Business is still very robust. Have continued to hire to match increased demand,” the executive said.
Timothy Fiore, chairman of the ISM factory survey committee, agreed.
“Everything was strong,” he said during a conference call, according to Bloomberg.
One thing you can appreciate Trump for is the fact that he keeps his promises. So far, Trump has encouraged several large American companies to keep their manufacturing in the United States in an effort to promote a strong American economy.
Show your support for Trump by sharing this story on social media and by leaving a comment below.