With (way too) much economic news sending us atop the nearest tall building, it’s encouraging, and calming, to hear what in-the-know economists are relaying regarding manufacturing industry strength in the U.S., and in growth regions globally. Bloomberg collected these; take a deep breath (we all need more than one, go ahead –grab that paper sack and huff like your heart’s overheating…). Ok, better now… Relax and take-in the good words:
· A more even keel after the last credit-powered expansion would help the stocks of companies biased toward emerging-market consumers and U.S. manufacturing over those tied to commodities and infrastructure, said John Bilton, European investment strategist at Bank of America Merrill Lynch in London.
· Behind the improvement is a revival of U.S. manufacturing. Restrained wages and lower energy prices are giving companies a competitive edge over competitors in Europe and Japan, according to a Boston Consulting Group study. It reckons average expenses in the U.S. will be 15 percent less than in Germany by 2015 and 21 percent below Japan.
· “The U.S. is becoming one of the lowest-cost producers of the developed world,” wrote Harold L. Sirkin, a senior BCG partner in Chicago.
· The chemical industry is a particular winner, as an abundant supply of natural gas from shale formations gives U.S. producers a march over rivals in Europe and Asia, which use mainly higher-priced oil.
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