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Opinion
Neil Dutta

U.S. Manufacturing Is Primed for Another Year of Growth

The global economy is a big driver, but domestic demand is even more important.
Made in the USA and sold around the world.

Made in the USA and sold around the world.

Photographer: Luke Sharrett/Bloomberg

U.S. manufacturing production just had its best year since 2011, yet some argue that 2017 was as good as it will get and that a slowdown is ahead.

We think the opposite is more likely: Factory output is poised to speed up. Investors worried that the equity market is stretched should take heart. Stronger growth in factory output is a good reason to remain cyclically oriented, especially in U.S. industrial stocks.