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Industrial Economics

The United States produces the most goods and services in the world.U.S. manufacturing rebounded from the recession faster than the rest of the economy. The sector is highly profitable and continues to expand. And U.S. industrial wares remain globally competitive, as rising inbound foreign...
Dan Meckstroth reviews the U.S. economic and manufacturing production outlook for 2015, 2016, and 2017. The MAPI Foundation revised down the 2015 growth forecast for the U.S. economy from 3.0% to 2.4% (the same growth as 2014). We also revised down the manufacturing production 2015 growth forecast...
March 2015 was the first month since November 2014 in which U.S. manufacturing output registered growth. Nonetheless, there was considerable weakness during March in a number of large and important sectors such as aerospace, computers and electronics, and machinery. For the first quarter of 2015 as...
The European economy shows signs of a modest recovery but the manufacturing sector remains subdued. Aside from the broad energy sector, which benefits from lower oil prices, few other industries stand out. Sales of cars hold up well because lower interest rates spur the replacement cycle at the...
The most recent data on industrial production, capacity utilization, orders for capital goods, and manufacturing employment point to a weak first quarter for manufacturing activity. Given slower growth in China, very slow growth in the Eurozone, the rising value of the dollar, and the fall in the...
Need to Know . . .Contrary to many analysts’ expectations, a sustained period of lower oil prices will likely have a net negative impact on Latin AmericaMajor energy companies are postponing or even canceling the development of the most expensive oil and gas projects in the region because of...
The Post-Recession State of U.S. ManufacturingNeed to Know . . .Manufacturing output surpassed its previous cyclical peak level in 2014, driven almost entirely by the strength in durable goods productionExport growth has been one of the major drivers of the recoveryRecent data indicate that the...
Need to Know . . .Manufacturers are creating cyber-physical systems that will lead to the industrial internet and ultimately the Internet of ThingsThese disruptive technologies will help generate new wealth, industries, businesses, and jobsOpen platforms and crowdsourcing allow a quantity and...
I made two public interventions recently, in two very different scenarios.First, I engaged with undergraduate students of American University’s Kogod School of Business. As a special guest speaker, I listened to their case study on Europe’s recessions, provided my critical comments, and then...
Dan Meckstroth, MAPI Foundation vice president and chief economist, reviews the most recent manufacturing data on industrial activity. Indicators for industrial production, capacity utilization, orders for capital goods, and manufacturing employment paint a picture of positive but moderating growth...

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