Issues in the Brief
The Great Recession caused significant damage to the developed economies on both sides of the Atlantic. Yet whereas the American economy rebounded early if not very quickly, Europe’s recovery proceeded in fits and starts.
Fifty years ago, on a trip to China, the renowned Chicago economist Milton Friedman was shown some of the country’s noteworthy public works programs in which hundreds of laborers were digging a canal with shovels.
With the labor force participation rate at generational lows, decelerating productivity growth and 2.5 million Americans seeking work for at least six months, the long-term labor market dynamic is problematic. Nonetheless, steady payroll gains seem to be the sole factor currently propelling U.S. growth.
With the new Congress in full swing and the Senate’s tax reform working groups getting ready to report their findings, there has been growing chatter about patent boxes, an incentive used by many of our trading partners to attract research and development, manufacturing, and high-skilled jobs.
Three factors are behind Latin America’s depressed business environment: lower commodity prices, corruption scandals in numerous countries and concerns about financial stability arising from massive capital outflows.
In Chief Economist Dan Meckstroth’s review of the MAPI Foundation’s latest forecast, he explains the reasons for the less optimistic outlook for U.S. manufacturing, including the strong dollar and the collapse in energy prices.
Several shocks have lowered manufacturing growth potential this year — a severe winter, strong dollar, declining energy exploration and excessive inventories. The corrections will hold down 2015 growth. Fortunately, the housing and aerospace supply chains are ramping up and strong employment growth will underpin economic performance. We forecast manufacturing production growth of 2.5% in 2015, 4.0% in 2016 and 3.1% in 2017.
2022 Industry & Economic Outlook Conference (IEOC)August 16 – 17, 2022The Westin Chicago Northwest Register | Book Your Hotel Room Fluid power professionals looking to connect with others in the industry will have ample opportunities at NFPA’s 2022 Industry & Economic Outlook Conference. You can plan your networking strategy using the IEOC See Who’s Attending list to preview who will be…
2023 NFPA Annual ConferenceFebruary 14-16, 2023Ojai, CARegistration Now Open The 2023 Annual Conference offers a wide-variety of expert speakers that relate to both industry professionals and their spouse/guest. This year we have some exciting new faces like Lifetime Channels’ communication and relatability expert, Rachel DeAlto, who’s media reel can be viewed on her website. However,…
NFPA’s Customer Market File and Trends in Capacity Utilization reports have been combined to create Econ and Market Indicators (EMI). This report contains public data in the forms of shipments, orders, industrial production, capacity utilization, and producer price indexes for a variety of popular fluid power customer markets. The EMI can be downloaded as an…