Industrial Manufacturing in the U.S. is firing on all cylinders.
How Long Will The Boom Last?
2019 marks the tenth straight year of growth in the U.S. economy. The U.S. industrial manufacturing sector is expected to produce hefty performance numbers in line with those it has posted during its successful run in recent years.
During 2018, the U.S. industrial manufacturing industry added more than 300,000 jobs and delivered manufacturing GDP numbers that showed an estimated 3% upswing over 2017, the highest growth levels the industry has recorded since 2010.
While times are currently good in the industrial sector, many manufacturers are uneasy about the future as raw material costs rise and supply chains struggle to keep up with demand.
International trade tensions add to the future's uncertainty, and the 2020 US Presidential election is shaping up to be a contest whose outcome, regardless of the victor, will likely have a significant effect on the U.S. economy for the next decade.
During this strong run, the U.S. manufacturing industrial sector has proven reluctant to do anything that might threaten its productivity.
But as we examine the industry's current and projected energy spends over the coming decade, we see what may be the controllable factor that holds the key to future success.
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