There was an increase in economic activity for US manufacturing in January. Manufacturing is expected to see an upward trend for the foreseeable future supported by the current macro-economic and political climate in the US. That growth will be driven in part by continued reshoring. Over 1,300 companies have announced their plans to reshore, and that can positively impact manufacturing plants, supply chains and supporting services. Recent trade agreements and tariffs continue to drive this shift. A tectonic shift is about to bring supply chains and jobs back to shores that exported them in previous years. Automation and industrial are two sector areas with possible investment opportunities. In the 1990s and early 2000s developments introduced a much cheaper labor force for US businesses, and companies took advantage of lower cost labor by moving their plants, factories and supply chains offshore. This created a substantial difference in US imports and exports, resulting in a large trade deficit. Eliminating the deficit may lead to five million new manufacturing jobs in the US.

Economic growth in the US is driven by consumer demand and a combination of labor growth and productivity gains. The over 60 million millennials are delaying buying cars and housing but are expected to become active when they start families.