America's shale boom has raised
hopes of a revival in U.S. manufacturing, in part fueled by cheaper
energy. But U.S. factories still are losing ground to rivals in Asia and
Europe.
Much of the problem stems from steel, trucks, car parts, industrial machinery and furniture.
The U.S. deficit on trade in
goods swelled in the first half to $371.59 billion from $354.64 a year
earlier. Imports rose 3.3%, while exports increased 2.6%. Manufactured
exports, excluding petroleum and coal, rose just 0.8%—far below last
year's modest 2.1% gain.
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