Global Manufacturing Economic Updates

The Global Manufacturing Economic Update is authored by NAM economist, Chad Moutray.
  • Global Manufacturing Economic Update: January 2016

    14 January 2016 | eNewsletter

    The latest National Association of Manufacturers (NAM) quarterly survey found that 59.6 percent of respondents were positive about their own company’s outlook, down sharply from 91.2 percent one year ago.

  • Global Manufacturing Economic Update: December 2015

    10 December 2015 | eNewsletter

    The latest National Association of Manufacturers (NAM) quarterly survey found that 59.6 percent of respondents were positive about their own company’s outlook, down sharply from 91.2 percent one year ago.

  • Global Manufacturing Economic Update: November 2015

    12 November 2015 | eNewsletter

    There were signs of progress in the global economy in October, but manufacturers continued to face headwinds. On the positive side, the J.P. Morgan Global Manufacturing PMI increased from 50.7 in September to 51.4 in October, its highest level since March.

  • Global Manufacturing Economic Update: October 2015

    08 October 2015 | eNewsletter

    The International Monetary Fund (IMF) lowered its estimates for global growth for 2015, down from 3.3 percent in July to 3.1 percent in its latest World Economic Outlook release.

  • Global Manufacturing Economic Update: September 2015

    10 September 2015 | eNewsletter

    The global economy continues to be one of the larger headwinds for manufacturers in the United States, with exports from the sector down 4.93 percent year-to-date using non-seasonally adjusted data through July.

  • Global Manufacturing Economic Update: August 2015

    13 August 2015 | eNewsletter

    Financial markets around the world are grappling with the fact that the Chinese economy is slowing, with the Bank of China acting to devalue the yuan earlier this week.

  • 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.