All Posts Tagged: U.S. manufacturing

U.S. Outlook: Dark clouds loom over the global economy

Scott Anderson
Chief Economist

Bad news about the global economy seems to be piling up.

Last week the OECD cut its 2019 global growth estimate to only 3.2% from 3.3% forecast just two months ago. I suspect that most economists will be getting out their pencils to lower global economic growth estimates for this year and next. Economic surprises have remained uniformly negative across most of the world through the middle of May, implying that economic indicators are still falling well short of economists’ diminishing expectations.

dark-clouds-manufacturing-outlook

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on May 24.

Key observations:

• Manufacturing segments in two-thirds of major economies either at threshold between expansion and contraction or in decline.
• U.S. stocks are vulnerable to protracted China trade war.
• Recent readings of both U.S. manufacturing and services sectors bode ill for future GDP growth.

Read the full report.

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U.S. Outlook: Manufacturing leading the way lower

Scott Anderson
Chief Economist
CNC Laser cutting of metal, modern industrial technology.

Does a weakening manufacturing sector hint at a coming economic slowdown? Find out in the U.S. Outlook.

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Made Here: Long-term loyalty makes the difference

Michelle Di Gangi
Small Business Banking
CEO Rebecca Fleenor standing, smiling in front of a giant circular saw blade.

CEO Rebecca Fleenor says the company her father started in the 1960s is a high-volume, low-margin manufacturer that has survived ups and downs to become “the big dog” in its sector.

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