Demand for U.S.-Made Goods INCREASES Amidst COVID Comeback
(PatriotHeadline.com)- Democrats might be pushing for President Donald Trump to advocate for increased lockdown measures, but existing measures are allowing the United States economy to start getting back on its feet while protecting people from the virus. Data for June has shown that demand for American-made goods just keeps increasing, having increased for the second consecutive month.
The data shows that Americas manufacturing sector is on a steady footing despite the ongoing COVID-19 pandemic, and following the relaxing of lockdown rules, U.S. factories are getting back to work.
On Tuesday, the Department of Commerce announced that orders from American factories increased by some 6.2%, which was more than the modest prediction made by economists of 5% for the month of June. It follows Mays 7.7% gain, signaling that the PPP loans put in place by the federal government may have helped businesses stay afloat while millions of people were forced to stay at home.
Data suggests that the manufacturing sector was healthy in July, too, showing no signed of decline. The labor market was dramatically hit by lockdown measures but most states have now relaxed rules to some extent and allowed people to get back to work. It means that the businesses in the U.S. manufacturing sector have not only survived, but are experiencing surges in demand that are allowing them to get back to work quickly and fully.
A survey performed by the Institute of Supply Management showed that activity even rose to a 15-month high in Monday, despite the virus. People want American made goods more than ever, and it could also be a result of heightened tensions with Communist China.
There is a big demand for durable goods, as well as items that are designed to last over three years. Demand for these products rose by 7.6% in June. In May, orders were up by 15% over April, though that is largely a result of the fact that demand dropped so dramatically in April when most of the lockdowns really began.
Americans are still buying cars, too. Demand for automobiles increased by 27.8% in June, up from a substantial rise of 16.3% in May.
Americas on its way back!
Poster Comment:
I'm a kiss stealin', wheelin' dealin', truck drivin' son of a gun.
#1: AllTheKings'HorsesWontDoIt To: BTP Holdings (#0)
LOL! AMEN AND AMEN.
This is great news. Didn't know we made anything in the USA anymore. Everytime I go to buy anything it always says "MADE IN CHINA". Half the time it self-destructs before you get it out of the box.
I wonder who's buying. 30 million Americans don't have enough to eat.
But this is encouraging news.
AllTheKings'HorsesWontDoIt posted on 2020-08-08 18:52:08 Reply Private Reply
#2: BTP Holdings To: AllTheKings'HorsesWontDoIt (#1)
I sure do not have enough to eat. I am lucky I get commodities once a month from Good Samaritan Shop. ;)
BTP Holdings posted on 2020-08-08 19:08:39 Reply Private Reply
#3: AllTheKings'HorsesWontDoIt To: BTP Holdings (#2)
AllTheKings'HorsesWontDoIt posted on 2020-08-08 20:37:49 Reply Private Reply
#4: StraitGate To: BTP Holdings (#0)
StraitGate posted on 2020-08-08 21:50:23 Reply Private Reply
#5: BTP Holdings To: StraitGate (#4)
BTP Holdings posted on 2020-08-08 22:17:40 Reply Private Reply
#6: StraitGate To: BTP Holdings (#5)
StraitGate posted on 2020-08-08 22:27:27 Reply Private Reply
#7: BTP Holdings To: StraitGate (#6)
Did you ever watch or listen to Barn Dance on WGN?
Bob Atcher was married to a cousin of mine. His two daughters were in concert in NW suburban Bensenville. I went out there to see them and I met them after the show. I had to run up one side of family tree and down the other before they believed we were related. When I mentioned my Aunt Marge they said, "Oh we know her." ;)
BTP Holdings posted on 2020-08-08 22:39:38 Reply Private Reply
#8: StraitGate To: BTP Holdings (#7)
StraitGate posted on 2020-08-08 22:51:19 Reply Private Reply
#9: StraitGate To: BTP Holdings (#7)
StraitGate posted on 2020-08-08 23:03:29 Reply Private Reply
#10: BTP Holdings To: StraitGate (#9)
Yes I do. ;)
BTP Holdings posted on 2020-08-08 23:08:09 Reply Private Reply
#11: StraitGate To: BTP Holdings (#10)
StraitGate posted on 2020-08-08 23:17:17 Reply Private Reply
#12: BTP Holdings To: StraitGate (#11)
All is fair in love and war. LOL
BTP Holdings posted on 2020-08-08 23:20:04 Reply Private Reply