Sep 12, 2009

NYT: Wisconsin Shows Signs of Industrial Rebound

All I say is that I hope Peter Goodman's piece in the Sunday Times, In Wisconsin, Early Signs of an Industrial Rebound, is on the mark.

Writes Goodman:

At the Rockwell Automation factory here, something encouraging happened recently that might be a portent of national economic recovery: managers reinstated a shift, hiring a dozen workers.

After months of layoffs, diminished production and anxiety about the depths of the Great Recession, the company — a bellwether because most of its customers are manufacturers themselves — saw enough new orders to justify adding people.

Given the panicked retreat that has characterized life on the American factory floor for many months, any expansion registers as a hopeful sign for the economy. Last week, the Federal Reserve found signs of 'modest improvement' in manufacturing. That reinforced the direction of a widely watched manufacturing index tracked by the Institute for Supply Management, which surged into positive territory last month for the first time in a year and a half.

No comments:

Post a Comment