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.
To make sure your company is prepared for the unlikely yet troubling dangers posed by terrorism, consider implementing plans for identifying and contacting overseas employees, aligning travel protocols with country risk profiles and staging drills to address threats specific to your business and operating locations.
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.
The latest data from the Bureau of Labor Statistics shows the Y/Y % change in fluid power equipment PPI starting to decline. The Y/Y % change appears to have peaked at 14.4% in July 2022, and now sits at 10.4%. The graph below shows this trend over time, and just how large the recent spike…
On Saturday, February 4, 2023, the NFPA teamed up with Triton College, Illinois’ NFPA Fast Track Hub, and BSA’s Pathway to Adventure Council – Portage Creek District, IL, to introduce Scouts (ages 12-14) to fluid power. Triton College hosted the event, which was led by Antigone Sharris, Chair and full-time faculty of Triton’s Engineering Technology…
Registration is now open to NFPA members for the 2023 NFPA Fluid Power Vehicle Challenge final competitions. With the support of NFPA Pascal Society donors, this year’s NFPA Fluid Power Vehicle Challenge program features two separate competitions with a new race at each event, 23 universities, and a lot of excitement. Now is the time for NFPA Foundation…