Preview: Colleague Liz Peek reports contradictory data from US manufacturing that indicates the sector has grown (is growing?) but... More later.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 3 June 2025
⏱️ 2 minutes
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Transcript
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| 0:00.0 | This is John Batchel, conversation with colleague Elizabeth Peake about manufacturing. |
| 0:05.8 | The ostensible explanation from the Trump administration, why the tariffs, why now, |
| 0:11.6 | bringing home America's factory floor, bringing home investment from overseas to factory floors in America? |
| 0:21.8 | Is it showing yet on the statistics? |
| 0:24.8 | And here's Liz to explain. |
| 0:26.4 | There are contradictions. |
| 0:29.2 | But slow growth is possible. |
| 0:31.5 | Here's Liz to explain. |
| 0:33.2 | It involves Ford Motor Company. |
| 0:35.3 | Much more of this tonight. |
| 0:37.4 | So, no. |
| 0:39.0 | I mean, it's, as I, the PMI that came out today indicated that manufacturing had, was, had, had tapered |
| 0:53.1 | off a bit. |
| 0:54.0 | Remember, we had, I think, 26 months in a row of manufacturing contracting, |
| 0:59.6 | and then we had two or three where it expanded, |
| 1:02.1 | and now it looks like it's contracting a little bit again. |
| 1:04.9 | But then I look at today's, I think it was today's report on four from Ford and everybody was very |
| 1:14.4 | concerned about auto sales and auto production in May but Ford came in just a few |
| 1:21.9 | hours ago and reported that there they had a 16% increase in year-over-year sales increase in May. |
| 1:31.0 | That sounds like pretty good manufacturing number to me. |
| 1:34.1 | Again, the backlog in manufacturing is pretty good nationwide, and new orders are pretty strong. |
| 1:41.8 | So I don't think manufacturing is in a slump. |
... |
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