About Maggie Lague

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So far Maggie Lague has created 308 blog entries.

Manufacturers Concerned About Protecting IP

Manufacturing associations across almost 40 states joined with the NAM in calling on the White House to safeguard intellectual property at the World Trade Organization. What’s happening: The WTO is considering waiving IP rights for COVID-19-related vaccines and treatments—an action that would harm American manufacturers that have led the fight against COVID-19. What we’re doing: [...]

2022-11-18T12:25:47+00:00November 18th, 2022|

New Factory Orders Stalled in Past Three Months

 New orders for manufactured goods were essentially flat in the latest data, with 0.2% growth with transportation equipment sales excluded. More importantly, new factory orders appear to have stalled over the past three months, rising 0.7%, or just 0.1% with transportation equipment excluded. However, there were also signs of surprising resilience once again in the [...]

2022-11-18T12:24:49+00:00November 18th, 2022|

US Factories/Reshoring Effort

  Some evidence that suggests the reshoring of manufacturing is real: First, America is bringing factory jobs home at a historic rate. According to one estimate, the U.S. is on pace to reshore 350,000 jobs in 2022, the highest total on record and an increase from roughly 260,000 last year. Second, the construction of new U.S. [...]

2022-10-03T14:37:01+00:00October 3rd, 2022|

Manufacturing Output Soared to $2.77 Trillion in Q2

The U.S. economy shrank 6% at the annual rate in the second quarter, extending the decline of 1.6% in the first quarter. The current forecast is for 0.8% growth in real GDP in the third quarter, with 1.6% annual growth in 2022. In 2023, the outlook is for 1.0% growth, but that forecast has sizable [...]

2022-10-03T14:35:59+00:00October 3rd, 2022|

NAM study shows need on fixing Interest Deductibility

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 [...]

2022-09-28T15:21:26+00:00September 28th, 2022|

Q3 Manufacturers Outlook Survey by NAM

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 [...]

2022-09-27T09:24:27+00:00September 27th, 2022|

Economic Outlook Trends October 2022

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 [...]

2022-09-27T09:22:27+00:00September 27th, 2022|

Economic Report October 2022

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 [...]

2022-09-27T14:50:58+00:00September 27th, 2022|

NAM Manufacturing Productivity Rose in Q2

Manufacturing labor productivity rose 5.5% at the annual rate in Q2, coming back strongly after three straight months of decline, according to the U.S. Bureau of Labor Statistics. The data: Sector output increased 4.3%, building on the 3.9% gain in Q1. The number of hours worked declined 1.1%, but hourly compensation increased 4.9%.  In durable [...]

2022-08-12T11:21:41+00:00August 12th, 2022|

China Issue Supply Chain

China’s increasing strengths and weaknesses should sound alarms for companies producing and sourcing there. Military strength is up; economic growth is near zero and uncertain; and foreign companies are less welcome. The possibility of voluntary decoupling by China or a military incident over Taiwan are increasing. Additional considerations include the ongoing labor shortage; rising wages; [...]

2022-08-12T15:23:22+00:00August 12th, 2022|
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