“We continue to underestimate the move to a service-oriented economy. The traditional manufacturing side of the U.S. economy will continue to shrink.”
“This is the big story - the change from a manufacturing-based economy to a service-based economy.”
“Early indicators are showing an increase in both the manufacturing and service industries in October, welcome signs that the economy continues to improve,”
“Service sector investment growth will be faster than in the manufacturing sector.”
“Trade is a drag (on growth) and that tends to hit manufacturing harder than the rest of the economy.”
“The [Internal Revenue Service] says we are manufacturing, while the U.S. Department of Agriculture says we are agriculture. They are definitely not in agreement.”
“It was slightly weaker than expectations, but manufacturing is still healthy. It confirms that the economy is still ticking along.”
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