{"id":156775,"date":"2010-01-08T17:00:26","date_gmt":"2010-01-08T22:00:26","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/01\/08\/alliance-berstein-economist-sees-manufacturing-boom\/"},"modified":"2010-01-08T17:00:26","modified_gmt":"2010-01-08T22:00:26","slug":"alliance-berstein-economist-sees-manufacturing-boom","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/156775","title":{"rendered":"Alliance Berstein Economist Sees Manufacturing Boom"},"content":{"rendered":"

On a day marked by otherwise disappointing news about the health of the labor market, Alliance Bernstein<\/strong>\u0092s Joseph Carson<\/strong> has a strikingly upbeat assessment of the economy in his weekly economic commentary today.<\/p>\n

He says the manufacturing sector is in the midst of staging its starkest turnaround in a quarter century.<\/p>\n

Mr. Carson tallied up manufacturing shipments from Census Bureau<\/strong> data and changes in manufacturing inventories. The combination of rising shipments and the end of massive inventory cuts means manufacturing output grew at a 20% annualized rate in the fourth quarter, he says. That would be the biggest quarterly increase since 1983, when the U.S. was bouncing back from another deep recession.<\/p>\n

He also notes that data from the Institute for Supply Management<\/strong>\u0092s monthly survey of supply managers suggests that new order growth is outstripping inventory growth, meaning there are \u0093plenty of production gains in the pipeline,\u0094 he says.<\/p>\n

\u0093The U.S. economy has plenty of hurdles to jump in order to return to sustainable growth in 2010,\u0094 he concludes. \u0093With bad debts mounting at banks, high unemployment and a record pipeline of mortgage foreclosures, it\u0092s hardly surprising that most analysts expect a relatively modest economic recovery, echoing the weak rebound that followed the recessions of 1990\/91 and 2001. However, we believe the rapid pace of recovery in the manufacturing sector is starting to increase the chances of a speedy recovery.\u0094<\/p>\n

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On a day marked by otherwise disappointing news about the health of the labor market, Alliance Bernstein\u0092s Joseph Carson has a strikingly upbeat assessment of the economy in his weekly economic commentary today. He says the manufacturing sector is in the midst of staging its starkest turnaround in a quarter century. Mr. Carson tallied up […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-156775","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/156775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=156775"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/156775\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=156775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=156775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=156775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}