Issues in the Brief
Manufacturing Sector Financial Performance
Don explores various financial benchmarks for manufacturing, including stock prices of 120 MAPI companies, return on assets for durable and nondurable manufacturing, net income after taxes and profit per dollar of sales. If, as MAPI forecasts, manufacturing activity grows at a faster rate in 2014 and 2015, the solid financial performance should continue.
U.S. Trade Surplus in Business Services Peaks Out
Despite some experts’ optimistic view that the U.S. trade surplus in business services will serve as a substantial offset to the growing deficit in manufactures, this does not appear to be the case. Compared with manufactures, U.S. exports of business services are relatively small and have been growing at a slower rate since 2009.
Five Developments to Watch in Latin America
Wide-ranging reforms, major sporting events and energy exploration and development will drastically change the Latin American market for U.S. manufacturers over the next few years, triggering trade and investment opportunities.
Disturbing Data on U.S. Skills
While educational achievement data have certainly informed the discussion about workforce adequacy, the question remains as to whether graduation rates are fully adequate proxies for the skills that employers, and particularly manufacturing companies, find to be in short supply.
MAPI Business Outlook: Most Indexes Show Continued Improvement
Most indexes showed continued improvement in December. Current orders increased from 70 in September to 72 in December, prospective U.S. shipments rose from 76 to 79, non-U.S. prospective shipments increased from 70 to 72, backlog orders increased for the third straight quarter (from 59 to 64), profit margins rose from 68 to 72 and export orders increased from 61 to 67.
European Industrial Outlook: Recovery Still Slow and Hesitant
The eurozone’s economic activity remains weak. Industrial production fell in four out of the last six months, unemployment topped 12% and inflation is undershooting the ECB’s target by a percentage point. Domestic demand has contributed virtually nothing to growth and demand for European exports is weakening. Looking forward to 2014 and beyond, we see a gradual improvement in demand for Europe’s manufactured products, boosted by a jump in fixed investment.
Manufacturing Activity January 2014
While many signs for manufacturing were encouraging at the end of 2013, numerous policy uncertainties, such as the gridlock over raising the debt ceiling, regulatory initiatives, monetary policy tapering and uncertain growth in export markets, are likely holding back commitments for business equipment expenditures.
Featured Video: MAPI Economists Review the Manufacturing Outlook
In this 11-minute presentation, four of our economists detail what’s ahead for manufacturing in the U.S., China, Japan, India and the eurozone. In a segment on the U.S. energy outlook, Senior Economist Don Norman notes that oil production is expected to reach 8.5 million barrels per day in 2014, with important implications for manufacturers.
Manufacturing Facts: A New MAPI Production, is a collection of the key facts and figures that define the state of the U.S. manufacturing industry.
Manufacturing Facts: Technological Innovation Addresses Global Climate Change
Manufacturing Facts: Manufacturing Makes a Positive Contribution to Most State Economies
Manufacturing Facts: Both Professional and Semi-Skilled Employees Staff the Non-Production Side of U.S. Manufacturing
Available for NFPA member companies’ exclusive, confidential, internal use only. No one may make or distribute copies or reuse all or any part of this report without the written permission of NFPA.
This report is made available by NFPA as a service to the fluid power industry and contains information provided by companies in the industry. NFPA does not recommend or endorse any particular use of this report. NFPA, its directors, members and employees are not responsible for errors or omissions in the report or for loss arising from its use and disclaim all warranties and guarantees, express or implied, with respect to the information in this report.
Mark Your Calendars – Upcoming Events of 2023!
Trying to plan ahead for future travel? Use this article to lock-in these events into your calendar! Purdue University Recruitment and Networking Event April 18, 2023 Virtual Delivery Vehicle Challenge Final Competitions April 12-14, 2023 | April 26-28, 2023 Norgren; Littleton, CO | Danfoss; Ames, IA Fluid Power Forum Exhibit and Member Reception at Offshore Technology…
You’re Invited: Purdue University Recruitment and Networking Event
Byline: Kyla Olson, Workforce Program and Event Manager Tuesday, April 18th, NFPA will be hosting a two-part virtual event with Purdue University. We will begin with the Indiana Workforce Engagement Group meeting where you can expect an open discussion between NFPA staff, Purdue University faculty, and industry representatives from NFPA member companies. This is meant…
Power Partner University Murray State University Focuses Heavily on Automation and Controls within Industry- Fluid Power Forum Episode 96 Now Live
This episode features Jake Hildebrant, a Professor of Electromechanical and Manufacturing Engineering Technology at Murray State University. Listen to the Podcast Here As we all know, education plays a crucial role in developing the fluid power workforce. We invited Jake into our forum to welcome Murray State University as a first-year Power Partner University, while also learning…