Household appliance production in the United States is projected to increase 7 percent in 2013, 4 percent in 2014, and 4 percent in 2015, according to the Manufacturers Alliance for Productivity and Innovation. Overall, U.S. production was at a strong pace in the first quarter of 2013, decreased slightly in the second quarter, but is expected to accelerate in the coming months.
A new econometric forecast model shows there is ample potential for U.S. manufacturing to resurge and, by 2025 add a significant number of good-paying manufacturing jobs, add to GDP growth, and help create the first surplus in the nation's goods and services balance of trade since 1975.
The latest American Express Spending and Saving Tracker reported that 39 percent of Americans are optimistic going into the new year, compared to 35 percent who said so going into 2012. Ten percent report they are "unconcerned" going into 2013, compared to 6 percent who said they were "unconcerned" a year ago.
U.S. holiday retail sales are estimated to rise 3.8 percent, according to an outlook report from Wells Fargo Securities, LLC Economics Group. The increase is above average for the last decade, although less than the 5.7-percent increase in November and December of 2011.
Consumer confidence in the overall economy increased in October to the highest level since 2008, according to the October Index from the Consumer Electronics Association. Consumer confidence in technology fell slightly from the Index released in September.
U.S. manufactured exports are expected to surge even more strongly in the coming years, according to research from The Boston Consulting Group, and - along with manufacturing jobs created from reshoring - may add 2.5 million to 5 million jobs by 2020.