The US manufacturing sector faces numerous possible pitfalls and some risk of severe declines, according to a new report by Creditsafe USA.
The in-depth analysis of the US manufacturing industry says that, despite recent overall consistent performance, there are “several areas of concern” across the entire sector. In particular, the rate of bankruptcy signaling the possibility of an industry slowdown.
With the manufacturing industry being the largest area of employment in the US, any decline could have a “catastrophic effect” on the overall US economy, says Creditsafe. [Read more…] about US manufacturing faces possible pitfalls and severe declines, says report