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Durable goods, sustainable transportation may be key to US economic growth in 2014

The past 12 months have seen steady growth for the United States and global economies, and the trend toward recovery is set to continue through 2014. In the United States, domestic manufacturing has been at the forefront of the positive economic growth. The success of companies in the sector may be related to their ability to adapt to the offshore manufacturing trend, which has helped them find new ways to make U.S.-based production a more effective business model. But as the industry bounds ahead next year, sustainability is sure to play an increasingly important role in the distribution supply chain.

Manufacturing ends the year on a high note

As December wound to a close, reports continued to look good for manufacturing growth. According to The Wall Street Journal, the Commerce Department recently announced that demand for U.S. durable goods rose by 3.5 percent in November in comparison with October. Products considered durable goods include cars and aircraft. Meanwhile, orders for manufactured goods other than transportation-related items rose by 1.2 percent overall.

“Stronger orders bode well for both the fourth quarter and 2014 economic growth prospects, suggesting that companies remain keen on increasing investment and expanding capacity as the economy and consumer sentiment improve,” said Gennadiy Goldberg, a strategist at TD Securities, according to the news source.
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