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The US has also lost its lead in manufacturing during the same time period.
by achates 2y ago
The US has also lost its lead in manufacturing during the same time period.
- JumpCrisscross 2y ago> US has also lost its lead in manufacturing during the same time period On a relative basis, yes. In absolute terms we are close to our pre-financial crisis peak [1]. [1] https://fred.stlouisfed.org/series/PRMNTO01USQ661N https://fred.stlouisfed.org/series/PRMNTO01USQ661N
- roenxi 2y agoDo you happen to know what "Total Manufacturing" means in practice? I can't figure out what that series is measuring. It seems to be OECD data of some sort, but it doesn't have enough context to interpret. One of the problems with US manufacturing is that it can be equal by, say, amount of money spent but get much worse productivity than Asia. And I'd believe it is a sophisticated method that accounts for that somehow, but I want to check it.