MAPI – Manufacturers Alliance Economic News and Reports

A weekly round-up of the MAPI resources available to NFPA members through NFPA’s membership in MAPI.

Issues in Brief

Investment Medicine for a Struggling Economy
Nearly five years past the trough of the Great Recession, the U.S. economy still finds itself in a post-crisis era. Economic growth has been persistently sluggish, averaging 2.3% between 2010 and 2013, far weaker than comparable periods following the recessions of the past four decades.

Expectations for the Transatlantic Trade and Investment Partnership
Need to Know. . . A third of MAPI members see benefits from TTIP; By a ratio of 4 to 1, MAPI members distrust the EU-supported precautionary principle as opposed to the U.S. preference for a risk assessment approach; Only 15% of respondents have contacted trade groups, legal advisors, or consultants to share views on TTIP.

New EU Parliament Is Bad News for the U.S.
The EU went to the polls last Sunday to elect its members of European Parliament (MEPs). The traditional political split between the moderately conservative European People Party (EPP) and the moderately left-of-center Socialists and Democrats (S&D) has held. The two parties polled about 53% of the vote, down slightly from the combined total of 59% obtained in 1999 during the previous election.

Manufacturing a New Middle Class
The irony isn’t lost on manufacturing leaders—while colleges produce a record number of graduates, executives report that many hourly and salaried job candidates are underqualified and not workforce ready. More than a quarter of companies say this mismatch leads to a high degree of difficulty hiring workers and 80% believe it will continue to hinder hiring in North America over the next 5 to 10 years.

 

Economic Update

Europe’s Recovery Continues at Only Modest Pace
Senior Economist Kris Bledowski believes the European economic picture improved somewhat over the past year, with output growth finally taking off. At the same time, other indicators paint a darker picture, such as falling prices and dwindling credit.

U.S. Manufacturing Update April 2014
Manufacturing output growth was a relatively strong 0.5% in March. And during the most recent three months (to March), growth was a moderate 2.7%, measured on a year-over-year basis. Slow recent growth has thus far prevented the U.S. manufacturing sector from fully regaining the output that was lost in the 2007-2009 recession, but full recovery is within sight: manufacturing is now 89.8% recovered.

U.S. Trade Deficit in Manufactures Up by 8% in the First Quarter, Chinese Surplus Down by 8%
The U.S. trade deficit in manufactures rose by $8.1 billion, or 8%, in the first quarter, compared with 2013, following the 9% surge in the fourth quarter of 2013. The Chinese trade surplus, however, which soared by 10% during calendar year 2013, to $913 billion, declined by $16.3 billion, or 8%, in the first quarter of 2014.


Notice
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.
Disclaimer
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.

Recent Posts

NFPA Seeking Volunteers for Electrification in Fluid Power Task Force

Deadline to Respond is August 18, 2022 Electrification is a buzzword throughout most industries now and is a common topic being discussed at conferences, events, and board rooms. While many businesses and industries have already embraced electrification, others are still working to understand the impacts, opportunities, and decision points to make. To add further confusion,…

Read More

In Memoriam: Tom Wanke

The National Fluid Power Association is saddened to share the news that Tom Wanke, CFPE, director of the Fluid Power Industrial Consortium and Industry Relations at Milwaukee School of Engineering, passed away June 21, 2022. “Tom’s impact on the fluid power industry will be felt for generations,” said Eric Lanke, president and CEO of the…

Read More

Meet a Fluid Power Scholarship Winner – Brendan McCluskey

Programs like the Fluid Power Scholarships are made possible in part by the generous support of industry volunteers as well as NFPA Education and Technology Foundation and Pascal Society donors. Support these efforts by making a donation. The NFPA Education and Technology Foundation has awarded nineteen $2,000 scholarships to students pursuing fluid power technology fields of study. Here’s one of the winners, Brendan McCluskey.…

Read More