An important new study released by the NAM shows that failure to reverse a new, stricter limit on interest deductibility could cost the United States nearly half a million jobs. The background: Manufacturing is a capital-intensive industry—and manufacturers often borrow funds to purchase capital equipment and invest in growth. The interest they pay on those [...]

The NAM’s newly released Q3 Manufacturers’ Outlook Survey shows that manufacturers are struggling with inflation, supply chain issues and workforce challenges. Though three-quarters of respondents expressed optimism about the economy, that figure represents a decline. A mixed view: Nearly 80% of manufacturing leaders who were surveyed said that supply chain disruptions were one of the [...]

The economic outlook: U.S. firms are seeing some small  positive improvements on inflation and the supply of labor, according to a new Federal Reserve report. U.S.-manufactured goods exports totaled $746.62 billion through the first seven months of 2022, using non-seasonally adjusted data, soaring 16.10% from $643.07 billion year to date in 2021. Likewise, manufactured goods [...]

In addition, manufacturing capacity utilization increased from 79.3% in June to 79.8% in July, which was not far from April’s reading (80.1%), which was the highest since August 2000. Total industrial production (which includes manufacturing, mining and utilities) increased 0.6% in July after being flat in June, rising to a new record level. On a [...]