Check out this new type of vehicle being tested by Swedish start-up Einride and it could soon disrupt the transportation industry.
The Bureau of Labor Statistics reported that manufacturing employment increased for the fourth straight month, with the sector adding 11,000 workers in March. This was an encouraging sign that the recent uptick in optimism in the sector has begun to translate into better job growth, especially when contrasted with the employment declines seen as recently as last autumn.
In the latest NAM Manufacturers’ Outlook Survey, which was released in conjunction with a listening session at the White House with President Donald Trump, 93.3 percent of manufacturers are either somewhat or very positive about their own company’s outlook, up from 56.6 percent one year ago and 77.8 percent in December. That represents a new all-time high in the survey’s 20-year history. As a result, the NAM Manufacturers’ Outlook Index also soared to a new high, up from 53.3 in December to 63.7 in this report. It was the second straight quarter where the outlook exceeded its historical average, which would equate to 50 in the index, and there were strong gains in confidence for all firm sizes.
Trade press reports coming off last week’s release of February’s box and inventory numbers indicate that industry fundamentals are strong enough to make the $50/ton linerboard increase a “slam dunk.”
Last week, President Donald Trump met with manufacturing CEOs at the White House to discuss policies that will make the sector more competitive globally. The focus on pro-growth policies by the new administration—even with lingering uncertainties—has helped to lift both consumer and business confidence to multiyear records.