Goldman Sachs: Looks like the U.S. manufacturing recession might be over

By BloombergBusiness

Mar 29, 2016

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The U.S. manufacturing sector just batted five-for-five in its version of spring training.

Since mid-2014, the collapse in oil prices has hit manufacturers tied to the energy industry while the rise of the U.S. dollar was broadly crimping activity. These headwinds are no longer strong enough to dim Goldman Sachs Group Inc.'s "near-term optimism" on U.S. manufacturing.

Regional surveys on the state of factories in the Philadelphia, New York, Richmond, Kansas City, and Dallas Federal Reserve districts all showed marked improvement in March.

Read the full story on bloomberg.com.

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