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There is quite a bit of present evidence suggesting that manufacturing in the US may be slowing down. A recent article by Arturo Neto is one of many lately to interpret these trends as a harbinger of recession.
I don't intend to pick on Mr. Neto, specifically. His writing stimulated the present article, but one can see many articles on Seeking Alpha and across the business media using data about manufacturing to argue that the long-awaited recession is finally upon us.
They might be right, but here is why they might not.