Are American factories in trouble? That depends on how you look at it [CNNMoney.com]
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Source: CNNMoney.com
Are American factories in trouble? That depends on how you look at it New York (CNN Business) America's manufacturing sector is in a recession. But that is only part of the story. The industry has expanded by virtually every metric over the past decade, under both the Obama and Trump administrations. So what gives? How can factories grow -- and be in a recession at the same time? No data are worth anything by themselves. That's why last decade's manufacturing rebound must be understood in its historical context: Manufacturing is in a 40-year slump. It's in a decade-long expansion. And it's in an annual recession.Economic data shows two trends going in opposite directions: One explains the expansion, which began as manufacturing recovered from the 2008 financial crisis. The other shows that manufacturing has been slowing down for more than four decades. Read More America's factories were hurt badly in the recession between 2007 and 2009, with the loss of more than 2 mil
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