you have to remember manufacturing is relatively weak and may stay weak for some time yet.............(Trump's actions have just heightened it)
reasons.....
1 growth of robotics, taking jobs. (have u seen the Coles checkouts lately?)
2. the retiring of the baby-boomer generation. They now should now have all their mod-cons, caravans, boats,cars. They will now make do with what they have, as they won't be willing to go back to work again. There are retired. It's a huge issue in the Western world. (Check the latest demographic charts)
3 the big growth in mobile devices, computers, flat screen TV's . is now largely behind us. We need something new. I suggest that is health and related industries. (Check the growth there, it won't show up in manufacturing PMI's).
4. China has just finished a huge boom, it's time for it to settle into a lower growth orbit ( India and Africa, we await)
In other words the world is changing, always has, always will. ( I think Billy Joel sang a song about it, so it must be true)
Nothing in the script of History that says manufacturing needs to keep on growing..( check out the centuaries before James Watt came along)
