The growth in U.S. manufacturing bodes well for Detroit, which has started retooling former auomotive operations into production facilities for unique goods.
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"U.S. factory activity expanded in November for the sixth straight month, signaling stronger demand at home and abroad that could boost growth prospects into next year....
"Ultimately, it's consumer spending" providing the support for increased factory activity, said Bradley Holcomb, chairman of the ISM's manufacturing-survey panel.
That's good news for Detroit-based watch maker Shinola. Founded in 2011, Shinola took the brand of a defunct American shoe-polish maker and set up shop in a building that formerly housed a General Motors research lab. It has hired more than 170 people since its launch and continues to add workers, Chief Executive Steve Bock said."
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