Booming U.S. manufacturers can’t keep up with demand — and high inflation isn’t helping
Summary
American manufacturing production surged to a five-year high in October. Strong economic growth and rising artificial intelligence adoption drove demand for computers, plastics, and electrical equipment. However, high inflation continues to create challenges for factories struggling to keep pace with orders.
U.S. manufacturers in October pumped out the most goods — plastics, computers, electrical equipment and so forth — in five years as a growing economy and a revolution in artificial intelligence stoked demand.
Source: Read the full story at MarketWatch.com - Top Stories
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