Issues in the Brief
U.S. Trade Deficit, August 2015
The U.S. trade deficit in manufactures soared by 30% in the first quarter, inflated by weather and a West Coast dock strike, and then adjusted to a lower 15% increase in the second quarter. For a more balanced first half of the year, U.S. manufactured exports declined by 1% from 2014, imports were up by 5%, and the deficit surged by 19%, or by $48 billion, which equates to a trade-related loss of 300,000 American manufacturing jobs. In the other direction, the Chinese trade surplus in manufactures surged by 14%, or by $59 billion, during the first half of the year.
The U.S. Economy Is Poised to Accelerate
In my presentation last month at the National Fluid Power Association’s Industry and Economic Outlook Conference, I provided an overview of industrial markets, the dollar, energy, and key indicators for manufacturing and the economy.
DOL Seeks to Narrow Minimum Wage and Overtime Exemptions
The Department of Labor’s proposed changes, if adopted, may result in millions of American workers being reclassified as nonexempt, making them eligible for overtime pay. While DOL’s proposal currently covers only salary and compensation tests for eligibility, changes to duties tests are possible as well.
The Trouble with M&A Synergies
In surveying 48 M&A executives, MAPI and RBC Capital Markets found that manufacturers have a self-described mixed record with realizing synergies from acquisitions. Companies such as Timken and Leggett & Platt rise to the challenge by improving their acquisition integration processes.
Wanted: Global Economic Stability
Director of Economic Studies Cliff Waldman notes that economic volatility from China to Canada is making it difficult for U.S.-based manufacturers. He offers insight on the world’s choppy landscape.
Mental health in the workplace—A silent and salient issue
Companies use a variety of metrics to measure and improve company performance, productivity and safety. What many may not realize is that addressing and investing in mental health will improve these same metrics.
Latin America Manufacturing Outlook July 2015
This biannual report examines the latest trends in selected manufacturing industries in Latin America and provides related forecasts. The focus is on Latin America’s three largest economies—Brazil, Mexico, and Argentina—as these countries account for more than 80% of the region’s manufacturing output.
Global Outlook: The Elusive Search for Equilibrium
Six years past the bottom of the Great Recession, it feels to many as if the aura of crisis still haunts the global economic landscape.
July Manufacturing Update
Manufacturing output was flat in June, as it was throughout most of the first half of 2015. Given challenges arising from the strong dollar, a severe winter, the dockworkers’ slowdown and global economic uncertainty, it is surprising that performance has not been worse.
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…