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2020, the bottom of the long decline in U.S. Manufacturing?

by Scott Davis, Melius Research

The U.S. manufacturing industry has experienced a lifetime of trauma over the past two decades—but we believe 2020 marks the bottom of that long and high-profile decline.

This past year has been particularly traumatic, as the pandemic brought with it the largest cut in industrial earnings on record in the second quarter, driven by the global shutdown that started in January in China and still exists in some form in many countries today.

https://www.wsj.com/articles/u-s-manufacturing-why-2020-was-the-bottom-of-a-long-decline-11608037200?st=rispbjgr3kqrssc&reflink=article_email_share


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