The U.S. global trade deficit in manufactures rose substantially in the third quarter and despite some moderation in Chinese trade, the gap between the two countries continues to widen, according to an analysis from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation.
Global Economy, Economic Environment, Recession, Money & Finance, GDP
Increasing business confidence, consumer windfalls from falling fuel prices and rising lending activity are supporting Europe's rebound, but long-term challenges persist, especially surrounding the region's feeble potential growth rate.
Global Economy, Economic Environment, Operations, Manufacturing, Production
Following is an analysis from Daniel J. Meckstroth, Ph.D., vice president and chief economist for the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation, regarding the October 2015 Institute for Supply Management (ISM) report.
Global Economy, Competitiveness, Operations, Manufacturing, Manufacturing Footprint, Reshoring/Nearshoring
A new study produced by MAPI and Deloitte draws on a survey of global manufacturers to offer insights into which new markets manufacturers plan to enter in the next five years. As might be expected, the United States and China should see the greatest number of investments in existing operations by 2020. Various countries in Asia and South America should see increases in new project investments.
U.S. exports of manufactures in July were $94 billion, down 4% from 2014, imports were $153 billion, up 1%, and the trade deficit soared to $59 billion, up by 11%, continuing the double-digit deficit growth during the first half of the year, as analyzed in the MAPI second quarter report on U.S.
The spot price of Brent crude oil reached $115 per barrel in June 2014 and then began to decline. In March of this year, it was down to $52, a decline of 55 percent. The price recovered somewhat, rising to $66 in early May. With the tentative agreement with Iran concerning its nuclear faciliti