It's coming home? Well, not US manufacturing...

© W.scott Mcgill

AT Kearney has released its fourth annual Reshoring Index. And any hopes that US manufacturing may be on the rise appear to have been quashed. The report suggests that imports from the 14 largest low-cost trading partners in Asia rose $55bn (8%) last year. This would equate to the largest single-year increase since 2011. This comes a little under two years after the five-year high US manufacturers experienced in 2016 – with the report noting the attention paid to domestic manufacturing in the US presidential election of that year. The full report can be found here.