Strong Demand for Civilian Aircraft

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July 26 (Bloomberg) -- Bloomberg Senior Economist Joe Brusuelas looks at demand for civilian aircraft on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

The backlog in the mystic civilian airline industry has affected the man particularly for boeing and airbus.

This chart really give this a good one term view for the prospect of recovery not only in u.s. manufacturing but the overall economy.

You have an eight year backlog, eight years of orders they need to fill.

This is one of the most optimistic views for any sector out there despite the problems with the 787. this will trickle down through the entire domestic manufacturing industry.

This will push growth here for the remainder of the business cycle and well into the next.

He recently interviewed joe adams from the lab three -- gala dry.

What was his take?

Middle-market manufacturers are the one that represent 43 million people employed.

This portion of the economy are really going to see really accelerate to push this.

They are very optimistic based on their middle-market survey.

63% of survey participants were hiring this year domestically as opposed to 50% overseas.

Is really thinking long-term.

We are going to see this renaissance.

It's going to be aging -- a game changer.

Let's look at what joe said about this.

I think there is a renaissance.

There is much more of a priority am trying -- a priority of trying to build them here.

As more complex products are developed, if we can develop the skilled laborers to develop those products.

Right now, that's a big challenge.

A very big challenge and eight.

The sustained recovery in the housing sector -- a very big challenge indeed.

How will the support what we are seeing in manufacturing right now?

We are trickling everything through the housing sector comes back.

32% of the respondents show that business is thriving.

This is what we want to see.

This text has been automatically generated. It may not be 100% accurate.


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