US MANUFACTURING DATA CONFIRM TRUMP HAS FAILED TO HALT DEINDUSTRIALIZATION MANUFACTURING SECTOR HAS CONTRACTED FOR THE PAST TEN MONTHS

CONTRACTING MANUFACTURING IS A BIG BLOW TO TRUMPS PLANS TO BOOST THE US MILITARY AND CONTROL SOARING US DEBT

Trump tarrifs have failedto revive the US manufacturing sector., new data confirms. 

The US factory sector has contracted for 36 of the last 38 months, a sign that de industrialization is continuing, undermining attempts by Trump to revive the US military industrial complex.

An index of US manufacturing industry fell to 47.9% in December, the Institute for Supply Management said Monday. This is the lowest reading of the year and the 10th straight month of contraction in the factory sector.

One consequence is the very weak job data. Another will be the inability of the US defence industry to catch up or  keep up in the arms race with the BRICS. The US is already far oupaced in the quality and quantity of weapons.

Whether tax incentives in  Trump s fiscal package will leadto significant capital expenditures in the next few months is doubtful  since the overall environment characterized by debt and inflation.

Trump s 1.5 trillion budget for the Pentagon next year could end up being eviscerated by soaring inflation 

Inflation in the defence industry will be the result if  there is no major arms manufacturing revival, itself reliant on general domestic manufacturing sector as well as  Trump s unpredictale high and complex tariffs on imports which the Pentagon needs like rare earth minerals.

The US defence industry also needs silver which is becoming increasingly hard to find also beause of the distruption of silver ships from Peru and Mexico due to Trump s Venezuela fiasco.

Gold and silver are climbing to record highs.

To sum up. Trump will almost certainly lose the elections as his voters turn on him for failing to produce the prosperity and jobs he promised among his many other failures, including stopping wars.

From media

U.S. manufacturing slump shows little sign of ending, ISM shows

The factory sector has contracted for 36 of the last 38 months.

A closely watched index that measures U.S. manufacturing activity fell to 47.9% in December, the Institute for Supply Management said Monday. This is the lowest reading of the year and the 10th straight month of contraction in the factory sector.

Any number below 50% signals contraction.

Economists surveyed by the Wall Street Journal were expecting some stability in December, with the index forecast to inch up to 48.3% from 48.2% in the prior month.

“We still see weak demand,” with uncertainty from tariffs holding down activity, said Susan Spence, chair of the ISM’s manufacturing survey committee.

The ISM surveys executives every month about how their companies are doing. Business isn’t getting any better, they say.

“In the current environment, our company is struggling with customer orders and financially overall,” one manufacturing executive told ISM. “Our senior leaders are struggling to focus our business and get the company on track with quality products. In November, layoffs impacted about 9 percent of our workforce, affecting all locations in the U.S. and Europe.”

Key details: New orders shrank for the fourth month in a row. Production dropped to 51% from 51.4% in the prior month.

The employment index rose 0.9 percentage point to 44.9 in the month.

Only two of 19 manufacturing industries reported growth in December.

Looking ahead: New orders need to rise to pull the manufacturing sector out of the slump, Spence said.

“I firmly believe when new orders start turning around … and expand for three, four, five months — then you’re going to see it flow to production as backlog and then everything should follow,” she said.

Carl Weinberg, chief economist at High Frequency Economics, said “the manufacturing sector is sick” and does not appear to be responding well to President Donald Trump’s economic policies.

https://www.marketwatch.com/story/u-s-manufacturing-slump-shows-little-sign-of-ending-ism-shows-00aa9e80

 fell to 47.9% in December, the Institute for Supply Management said Monday. This is the lowest reading of the year and the 10th straight month of contraction in the factory sector.