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
The U.S. economy is certainly more stable but it has been a rough year for goods producers. My advice to members: Stay on top of the global picture. The markets are letting us know that events are moving quickly. And be prepared over the long haul for a more volatile business environment.
In my presentation this month at the National Fluid Power Association’s Industry and Economic Outlook Conference, I provided an overview of industrial markets, the dollar, energy, and key indicators for manufacturing and the economy.