Global Manufacturing Economic Updates

The Global Manufacturing Economic Update is authored by NAM economist, Chad Moutray.
  • Global Manufacturing Economic Update: July 2015

    09 July 2015 | eNewsletter

    Global markets have been rocked over the past week by ongoing developments in China and Greece. Chinese equity values have plummeted by more than 30 percent since peaking at 5166.34 on June 12.

  • Global Manufacturing Economic Update: June 2015

    11 June 2015 | eNewsletter

    There continue to be mixed assessments of the economy, including from reports released last week. For instance, the Organisation for Economic Co-operation and Development (OECD) lowered its forecasts to 2.0 percent growth for the United States, with the global economy growing just 3.1 percent.

  • Global Manufacturing Economic Update: May 2015

    14 May 2015 | eNewsletter

    The global economy has garnered a lot of attention lately, with sluggish growth hampering the ability of manufacturers to increase international sales. Indeed, net exports served as a drag on real GDP in the United States in each of the past two quarters, subtracting 1.25 percentage points from growth in the first quarter of 2015.

  • Global Manufacturing Economic Update: April 2015

    17 April 2015 | eNewsletter

    The global economic environment remains challenged, even as it continues to experience modest growth overall. The J.P. Morgan Global Manufacturing PMI, for instance, observed the highest production levels since August. Yet, the overall pace of expansion has clearly eased over the past few months.

  • Global Manufacturing Economic Update: March 2015

    13 March 2015 | eNewsletter

    Manufacturers are facing some significant headwinds from sluggish growth abroad and from a U.S. dollar that has strengthened sharply over the past few months. According to the Federal Reserve Board, the trade-weighted U.S. dollar index against major currencies has risen from 75.6968 on July 1 to 91.5660 on March 6, a 21.0 percent increase. Along those lines, the euro has fallen to its lowest levels since January 2003. It peaked in 2014 on May 6 at $1.3924 for each euro.

  • Global Manufacturing Economic Update: February 2015

    13 February 2015 | eNewsletter

    Let’s start with some good news. U.S.-manufactured goods exports reached an all-time high in 2014, surpassing $1.4 trillion for the first time, according to Trade Stats Express. Moreover, goods exports from manufacturers grew 1.9 percent in 2014, with exports to the top five markets higher for the year. At the same time, export growth decelerated from the 5.8 percent and 2.6 percent rates of 2012 and 2013, respectively. Sluggish growth abroad and a strengthened U.S. dollar continue to challenge demand. In December, the U.S. trade deficit widened to its highest level of 2014, and the average monthly deficit for the year exceeded that of 2013 ($42.09 billion per month versus $39.70 billion, respectively).

  • Global Manufacturing Economic Update: January 2015

    09 January 2015 | eNewsletter

    The minutes of the Federal Open Market Committee’s December 16–17 meeting continue to reflect increased optimism about the U.S. economy, with relative strength in both output and labor markets. Federal Reserve participants expect U.S. real GDP growth of 2.6 to 3.0 percent in 2015, with the unemployment rate falling to 5.2 to 5.3 percent and core inflation remaining below its stated goal of 2.0 percent. At the same time, they expressed worries that global economic challenges might dampen growth here.

  • Global Manufacturing Economic Update: December 2014

    12 December 2014 | eNewsletter

    The global economy has seen its share of challenges this year. These include deflationary worries in Europe, decelerating growth in China and declining activity in South America, among others. As we noted in last month’s report, the United States fares pretty well in comparison.

  • Global Manufacturing Economic Update: November 2014

    14 November 2014 | eNewsletter

    The global economy has seen its share of challenges this year. These include deflationary worries in Europe, decelerating growth in China and declining activity in South America, among others. As we noted in last month’s report, the United States fares pretty well in comparison.

  • Global Manufacturing Economic Update: October 10, 2014

    10 October 2014 | eNewsletter

    The U.S. Export-Import Bank was granted a nine-month extension, but manufacturers remain highly concerned that continued uncertainty will put U.S. exporters at a disadvantage in global markets. Efforts continue to move forward on a host of trade legislation, including Trade Promotion Authority, the Miscellaneous Tariff Bill, customs reauthorization and the Generalized System of Preferences.

  • Global Manufacturing Economic Update: September 12, 2014

    12 September 2014 | eNewsletter

    Net exports have been a drag on the U.S. economy so far through the first half of this year, with manufacturers continuing to experience sluggish sales growth in international markets. With that said, the U.S. trade deficit narrowed a bit in July to its lowest level in six months, with growth in goods exports outpacing growth in goods imports.

  • Global Manufacturing Economic Update: August 8, 2014

    08 August 2014 | eNewsletter

    The International Monetary Fund (IMF) predicts that world output will grow 3.4 percent in 2014, down from 3.7 percent in its April forecast. Much of the downward movement stems from weaker-than-expected data from the first quarter.

  • Global Manufacturing Economic Update: July 11, 2014

    11 July 2014 | eNewsletter

    A Publication of the National Association of Manufacturers

  • Global Manufacturing Economic Update: June 13, 2014

    13 June 2014 | eNewsletter

    Global growth has been slower than desired in the early months of 2014, and as a result, we have seen many analysts downgrade their forecasts for this year. Indeed, the latest World Bank's Global Economic Prospects now predicts global GDP growth of 2.8 percent for the year, down from the 3.2 percent forecast in January.

  • Global Manufacturing Economic Update: April 11, 2014

    11 April 2014 | eNewsletter

    In its latest World Economic Outlook, the International Monetary Fund (IMF) now predicts global GDP growth of 3.6 percent in 2014 and 3.9 percent in 2015. The forecast for this year was essentially unchanged from the outlook in October, and it suggests that the global economy continues to recover.