If you actually look at the numbers, the yoy growth is but a hair above what we had in Dec 2014. And then in August the rate dropped down to below the Dec 2014 rate. Was it a blue wave in 2014?
I’m disputing the implied notion that this is somehow a big deal under Trump of which hasn’t been seen in 30 years. Big whoop, less than one tenth of a percent higher in a single month than what we saw in 2014. It already dipped down in August.
Manufacturing output is near a record level and optimism is at an all-time high, with more than 95 percent of manufacturers reporting a “positive outlook” for their business, according to the latest survey by the National Association of Manufacturers.