On-shoring manufacturing jobs and the shale gas boom have fueled an industrial renaissance in the US. Nordea's Jeff Vancavage examines the prospects for a long-term boom.
The industrial sector, manufacturing in particular, has been a growing bright spot in the US economy. The comparative advantage of US manufacturing has progressed, with energy costs declining and productivity improving. Additionally, Chinese wages have increased, making the relative cost of manufacturing overseas less attractive. Technology and innovation is one of several structural changes coming together, allowing US manufacturers to become progressively more competitive in the global marketplace and at home. Industrial activity continues to incorporate more software and automa...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
