The US manufacturing sector clearly outperforms all its G7 peers, especially Germany, France, and the UK.
The main reason is that the United States never implemented the aggressive net zero emissions policy that has destroyed the industry by giving the reins of industrial policy to activists. In the latest S&P Global/HCOB PMI readings, the United States manufacturing sector is clearly expanding, while the UK is only slightly expanding, and Germany and France remain in contraction after years of decline.
The US also shows much stronger momentum in new orders and has better pricing power, margins, and investment plans than its European peers. Furthermore, the US has reduced CO₂ emissions and protected the environment without destroying its industrial fabric. According to the EIA, the United States has reduced its GHG/energy‑related CO₂ by 18% between 2010 and 2024, while the European Union is at a similar level, reducing emissions by 18–22%.
Continue reading The US Manufacturing Sector Wins While Net Zero Destroys Industry Elsewhere