Global Manufacturing Economic Updates

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

  • Global Manufacturing Economic Update: February 14, 2014

    14 February 2014 | eNewsletter

      A Publication of the National Association of Manufacturers

  • Global Manufacturing Economic Update - December 13, 2013

    16 December 2013

      A Publication of the National Association of Manufacturers

  • Global Manufacturing Economic Update: 121313

    16 December 2013 | eNewsletter

      A Publication of the National Association of Manufacturers

  • Global Manufacturing Economic Update - November 8, 2013

    08 November 2013

      A Publication of the National Association of Manufacturers