Issues in the Brief
ISM Index: Inventory Adjustment for Manufacturing
“The Institute for Supply Management (ISM) reports that the November index was 48.6%, down slightly from 50.1% in October,” noted Daniel J. Meckstroth, vice president and chief economist for the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation.
Economic Forecast Shows Strong Consumer Demand Driven by Job Gains
Strong consumer demand driven by job growth should lead to increased manufacturing production through 2017, according to a new forecast.
The Causes of Slowing U.S. Growth Potential
While measuring potential GDP — the maximum output achievable without provoking inflation — is not an exact science, it is clear that US potential has slowed significantly since the 1980s and 1990s. Slower labor force growth and productivity are causing the sluggishness, although it is likely that government statistics do not accurately account for several types of 21st-century innovation.
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Manufacturing Activity: October 2015
Manufacturing production has been very uneven this year, in part, from swings in the automobile industry, and this trend is indicative of sluggish growth. In September, output declined 0.1%, the strong dollar continued to take a toll on manufacturers and sector employment dropped for the second month in a row.
Q4 2015 Quarterly Forecast for U.S. Economic and Manufacturing Growth
The overall outlook for the U.S. economy, with particular emphasis on the manufacturing sector, for the remainder of 2015 and 2016 highlighting manufacturing’s growth and challenges for a five-year horizon.
U.S. Industrial Outlook: Growth Will Be Moderate but Accelerate Through 2018
While the US manufacturing sector has yet to achieve its pre-recession production level, positive aspects of the outlook for 2016 include rapid growth in housing starts, absorption of negative shocks from 2015 and strong growth in motor vehicles and industrial construction. Mining and drilling equipment production, however, will fall 21% next year.
NFPA is proud to announce that Murray State University has met the requirements to become a Power Partner university. The Power Partner Program is a recognition program designed to showcase universities that actively participate in all NFPA fluid power educational programs and provides special opportunities for NFPA members to connect with students interested in careers in the fluid power…
The National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data. Plan Your Next Move NFPA’s industry reports, outlook surveys, forecasts, and data sources allow our members to understand trends and anticipate change with a variety of trend graphs and data analysis for fluid power products, customer markets, and economic…
This episode features Brian Steward, a professor of Agricultural and Biosystems Engineering, and Saxon Ryan, an assistant teaching professor, both at Iowa State University. On this episode, we invited them into our forum to learn more about ISU’s Power Partner University status and how it’s impacting their students and our members. Listen to Podcast Here…