The Commerce Department reported that new orders for manufactured goods rose 1.1 percent in September, welcome news after such orders dropped in July and August. But there was concern that those orders were led by the volatile aircraft sector, while orders for core capital goods decreased by 1.1 percent. If transportation orders were excluded from the report, orders would have shown an 0.2 percent drop.
With job growth still happening at a meager pace, and businesses still feeling uncertainty due to Washington’s haphazard approach to fiscal policy, any hopes for a strong and consistent economic rebound seem distant. AMT advocates for sound fiscal policy that will give businesses a clearer view on where the economy is headed. The manufacturing industry is in a “sweet spot” for robust potential growth, but we risk missing out on the opportunity if Washington fails to implement sound measures for economic stability.