NAM’s Chief Economist, Dr. Chad Moutray, and his renowned ability to break-down complex data into straightforward, usable nuggets of information goes through the latest numbers for you. His in-depth insight will provides a comprehensive look at manufacturing industry trends and the current state of the manufacturing economy in America.
Pepperdine Private Capital Market Project research conducted in partnership with Dun & Bradstreet Credibility Corp. release findings from a survey of 3,118 private businesses. Small business owners were asked their projections on a number of economic factors for the year ahead, such as access to capital, hiring, confidence in economy and government policies likely to affect jobs and business prospects.
Pepperdine Private Capital Market Project research conducted in partnership with Dun & Bradstreet Credibility Corp. release findings from a survey of 3,118 private businesses. Small business owners were asked their projections on a number of economic factors for the year ahead, such as access to capital, hiring, confidence in economy and government policies likely to affect jobs and business prospects.
US Shale Oil Forecasts: assumptions, uncertainty and accuracySalikhov Marcel
Energy Initiatives Seminar (Vienna, September 18, 2018)
Salikhov Marsel (Institute for Energy and Finance, m_salihov@fief.ru)
Kurilov Viktor (Institute for Energy and Finance, v_kurilov@fief.ru)
February 2018 U.S. employment update and outlookJLL
January 2018 saw 200,000 net new jobs created, with unemployment once again stable at 4.1 percent. Job growth continues in line with expansion of the broader labor force, even as slack diminishes.
Plancess is founded by IITians to offer affordable and best in class edusolutions for comprehensive preparation of boards and engineering entrance examinations in India. Innovation is still on to enable a student grab knowledge from different platforms.
Molecular Dynamics Simulation of Microorganism Motion in Fluid Based on Granu...Sparisoma Viridi
Model of microorganism using contracting spring as locomotive organ is presented in this work. A simple molecular dynamics method implementing Euler algorithm is used in the simulation.
In Searching of IPhO 2017 Logo: An Unofficial SuggestionSparisoma Viridi
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Is Digital Marketing Right for My BusinessMartino Flynn
Bob Burch, digital media supervisor with Martino Flynn, spoke at the Ad Council of Rochester on 10 important things that non-profits should know about digital marketing.
US Shale Oil Forecasts: assumptions, uncertainty and accuracySalikhov Marcel
Energy Initiatives Seminar (Vienna, September 18, 2018)
Salikhov Marsel (Institute for Energy and Finance, m_salihov@fief.ru)
Kurilov Viktor (Institute for Energy and Finance, v_kurilov@fief.ru)
February 2018 U.S. employment update and outlookJLL
January 2018 saw 200,000 net new jobs created, with unemployment once again stable at 4.1 percent. Job growth continues in line with expansion of the broader labor force, even as slack diminishes.
Plancess is founded by IITians to offer affordable and best in class edusolutions for comprehensive preparation of boards and engineering entrance examinations in India. Innovation is still on to enable a student grab knowledge from different platforms.
Molecular Dynamics Simulation of Microorganism Motion in Fluid Based on Granu...Sparisoma Viridi
Model of microorganism using contracting spring as locomotive organ is presented in this work. A simple molecular dynamics method implementing Euler algorithm is used in the simulation.
In Searching of IPhO 2017 Logo: An Unofficial SuggestionSparisoma Viridi
An attempt to obtain representative and meaningful logo for IPhO 2017 in Bali, Indonesia.It is induced by gangsing logo, which is a previous prototype designed by Kemendikbud team.
Is Digital Marketing Right for My BusinessMartino Flynn
Bob Burch, digital media supervisor with Martino Flynn, spoke at the Ad Council of Rochester on 10 important things that non-profits should know about digital marketing.
An ecology for systemic change. How to foster and empower disruptive innovati...Helene Finidori
Looking at how to embed into the system the code for its renewal. Fostering factors of opportunity and renewal as commons. A draft presentation, work in progress.
The full paper is available here: https://www.academia.edu/7304971/An_Ecology_of_Transformative_Action_Awaiting_to_be_Discovered
16. Общая экономика 2017. Превращение добавочной прибыли в земельную ренту. Д...Moscow State University
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This update was provided as a live interactive webcast to the members of the National Assoication of Manufacturer's Allied Organizations on Thursday, April 11, 2013.
The Economy and Financial Markets: Crawling Out of Recession - David Wyss, Br...IFG Network marcus evans
David Wyss, Brown University/Standard & Poor - Speaker at the 2012 IFG Wealth Management Forum, delivered his presentation entitled The Economy and Financial Markets: Crawling Out of Recession
Presentation by Meyer Shields, Managing Director Stifel, Nicolaus & Company, Inc. to the 66th Annual Fowler Seminar on Oct 12 2012 titled Equity Analyst’s View on Insurance
Jack Uldrich is a renowned global futurist, independent scholar, sought-after business speaker, and best-selling author. His books include the best-selling, The Next Big Thing is Really Small: How Nanotechnology Will Change the Future of Your Business, and the award-winning books, Into the Unknown: Leadership Lessons from Lewis & Clark’s Daring Westward Expedition and Jump the Curve: 50 Essential Strategies to Help Your Company Stay Ahead of Emerging Technologies.
Courtesy of Leading Authorities
Mark French, President & CEO, Leading Authorities
Imagine your entire industry is the center of a media frenzy, what would you do? What’s your plan? Three great stories of what associations do and have done when it was their turn.
Sue Hensley, SVP Communications, National Restaurant Association
Jay Vroom, President & CEO, CropLife
Marvin Fertel, President and Chief Executive Officer, Nuclear Energy Institute
Moderated by Larry Sloan, President & CEO, Society of Chemical Manufacturers & Affiliates
Association CEOs who have introduced new and innovative affinity programs over the past year. The show us the money panel.
Bill Carteaux, President & CEO, SPI: The Plastics Industry Trade Association
Kraig Naasz, President and CEO, American Frozen Food Institute
J.P Moery, MoeryLAI
Moderated by Scott Lynch, President, American Bearing Manufacturers Association
A mini-workshop with an actual case study on how the International Sign Association (ISA)
worked with 16 affiliated local sign associations in significantly changing ISAʼs governance,
membership and financial structures, including reducing their board of directors by half and
altering ISAʼs relationship with local sign organizations.
Lori Anderson, President & CEO, International Sign Association
John Allen, Executive Vice President, Allen Industries
Patti King, Executive Director, Arizona Sign Association
Glenn Tecker, Chairman and Co-CEO, Tecker International
There is an intersection between your membersʼ customersʼ needs and what your members need
from your association. Do you know what member companies need from your organization to be
more successful in running/growing their businesses? Are you meeting their needs? Can their needs
be met elsewhere? Are your member companies receiving value in return for what they pay your
association?
Allen Paison, Managing Partner, Loyalty Research
Kevin McDonald, General Manager, PPG Industries Fiber Glass
Tom Dobbins, President, American Composites Manufacturers Association
Efforts in the manufacturing industry are beginning to pay off. But long term efforts to reduce critical
skill shortages that threaten growth and performance demand much more creative, and integrated
solutions. This panel, which features two leading experts on skills gap solutions, will provide both
national and local perspectives, reporting on lessons learned from current initiatives, as well as
insights on future opportunities. To fuel a collaborative discussion, the session will include a
compelling framework for integrating national and local efforts to reduce the impact of skill shortages.
Jennifer McNelly, President, Manufacturing Institute
David DeLong, David DeLong & Associates
Moderated by Steve Yurek, President and CEO, Air-Conditioning, Heating and Refrigeration
Institute
Associations are confronted with unprecedented, ubiquitous, and relentless competition.
Traditional association governance and management approaches are ill-equipped to respond.
Nationally recognized consultant and best-selling author Harrison Coerver addresses this
challenge in a thought-provoking look at how competition is threatening the relevance of
associations and what they can do in response.
Harrison Coerver, President, Harrison Coerver & Associates
Slides from Ross Eisenberg's presentation.
Dorothy Coleman, Vice President of Tax and Domestic Economic Policy, NAM
Joe Trauger, Vice President of Human Resources Policy, NAM
Ross Eisenberg, Vice President of Energy and Resources Policy, NAM
Moderated by Heidi Brock, President, Aluminum Association
The latest on mobile technology with Q&A - this session will be a short overview of what associations are doing with Mobile Apps today. See how associations are using mobile apps to stay connected with members and provide vital information. We will look at a variety of apps, ideas, and functionality. Hear about the future of apps for NPOs.
Dan Pietroske, President, Association Applications Group
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
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An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
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If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Currently there are no website or exchange that allow buying or selling of pi coins..
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Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
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Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
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Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
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Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
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USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
3rd Quarter Manufacturing Economic Update
1. THE MANUFACTURING
ECONOMIC UPDATE
Dr. Chad Moutray
Chief Economist
National Association of Manufacturers
Updated October 10, 2012
2. Real Gross Domestic Product
(Chained 2005 Dollars)
6% 6%
Forecast
4% 4%
2% 2%
0% 0%
-2% -2%
-4% Real GDP Forecast: -4%
↑ 1.8% (2011)
-6% ↑ 1.9% (2012) -6%
-8% ↑ 2.1% (2013) – No Fiscal Cliff -8%
↓ 0.5% (2013) – Fiscal Cliff
-10% -10%
Source: Bureau of Economic Analysis, NAM calculations using Moody’s Analytics simulation model
3. Assuming There Is a Fiscal Cliff
There will be a recession in 2013, with negative real
GDP in the first half of the year.
The unemployment rate will increase to over 9 percent
by mid-2013.
Industrial production will slow to a near-standstill in
2013.
Manufacturing employment will decline by at least
300,000 in 2013.
Source: NAM calculations using Moody’s Analytics simulation model
4. Examining Defense Sequestration Alone
Over 1 million private sector jobs, including 130,000 in
manufacturing, will be lost in 2014.
GDP will be almost 1 percent lower by 2014.
Total job losses increase the unemployment rate by 0.7
percent.
The largest job losses will occur in:
– California (↓ 148,400)
– Virginia (↓ 114,900)
– Texas (↓ 109,000)
– Florida (↓ 56,600)
Source: “Defense Spending Cuts: The Impact on Economic Growth and Jobs” (June 2012)
5. Manufacturing Business Outlook
100%
89.1% 88.7%
90% 86.4%
86.1%
84.8% 83.1%
81.9% 80.2%
78.4% 78.5%
80%
74.0% 73.1%
71.6%
69.6% 69.2%
70%
65.4%
60%
52.8%
47.6% 46.3%
50%
40%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Q1:11 Q2:11 Q3:11 Q4:11 Q1:12 Q2:12 Q3:12
Source: NAM/Industry Week Survey of Manufacturers
Note: Percentage of respondents who characterized the current business outlook at somewhat or very positive. Percentages
are annual averages. Q4:2010 and Q1:2011 data are imputed from comparable data using a regression model.
6. Regressing NAM/IndustryWeek Data
to Predict Future Industrial Production
105
100
95
90
85
80
75
Industrial Production Industrial Production (Predicted)
Prediction for Industrial Production Q1:2013
↑ 4.1 % Y-O-Y
But ↓ 1.2% from Q3:2012
8. Primary Current Business Challenges,
Third Quarter 2012
Uncertainties related to the political climate (e.g., fiscal
abyss, pending budget cuts, etc.)
78.7%
Rising healthcare/insurance costs 69.4%
Unfavorable business climate (e.g., taxes, regulation, etc.) 62.4%
Weaker domestic economy, sales for our products to U.S.
customers
60.7%
Rising energy and raw material costs for our products 39.9%
Attracting and retaining a quality workforce 39.5%
Weaker global growth, slower export sales 33.7%
Challenges with access to capital or other forms of financing 7.0%
Other 3.9%
Source: NAM/Industry Week Survey of Manufacturers
Note: Respondents were able to check all that apply. Therefore, responses exceed 100 percent.
9. Primary Drivers of Future Growth,
Third Quarter 2012
Stronger domestic economy, sales for our products 60.6%
New product development 56.1%
Increased efficiencies in the production process 51.3%
Increased international sales 42.5%
Recent mergers or acquisitions 11.8%
Other 8.0%
Source: NAM/Industry Week Survey of Manufacturers
Note: Respondents were able to check all that apply. Therefore, responses exceed 100 percent.
10. Monthly Business and Consumer
Consumer NFIB Small
Confidence Indices Sentiment Surveys Business Index
120 110
110 105
100
100
90
80 95
70 90
60 85
50
80
40
30 75
20 70
2010
2005
2006
2007
2008
2009
2012
2011
University of Michigan Consumer Confidence Conference Board Consumer Confidence
NFIB Small Business Optimism
11. Percentage Growth in Real GDP and
Contributions to Real GDP of Goods and Services
5.0%
4.0%
4.1%
3.0%
2.6%
2.5%
2.4%
2.3%
2.0%
2.2%
2.0%
1.3%
1.3%
1.0% 1.1%
1.1%
1.1%
1.0%
1.0%
1.0%
0.9%
0.9%
0.9%
0.9%
-0.1%
-0.1%
-0.2%
0.8%
0.7%
0.4%
0.5%
0.0%
0.5%
0.4%
0.7%
0.1%
0.5%
0.7%
0.4%
0.3%
0.2%
0.3%
0.6%
0.1%
0.0%
0.0%
Q1:2010 Q2:2010 Q3:2010 Q4:2010 Q1:2011 Q2:2011 Q3:2011 Q4:2011 Q1:2012 Q2:2012
-1.0%
Real GDP Durable Goods Nondurable Goods Services
Source: Bureau of Economic Analysis
12. Personal Income/
Savings Rate
Spending (% Change) Personal Income and Spending Percentage
2 6.0
5.0
1.5
4.0
1
3.0
0.5
2.0
0
1.0
2011
2010
2012
-0.5 0.0
Personal Income Personal Spending Savings Rate
Source: Bureau of Economic Analysis
13. Manufactured Durable Goods
(in Billions of Dollars)
$260
$240
$220
$200
$180
$160
$140
$120
2011
2005
2006
2007
2008
2009
2010
2012
New Orders Shipments
Source: U.S. Census Bureau
16. ISM Manufacturing Indices
70.0
60.0
50.0
40.0
30.0
20.0
Purchasing Managers Index New Orders Index
Employment Index Inventories Index
Source: Institute for Supply Management
17. Index for all but Regional Federal Reserve Bank
Chicago
(Growth >0) Manufacturing & Business Surveys Chicago Index
(2007=100)
50.0 105
40.0 100
30.0 95
20.0 90
10.0 85
0.0 80
2011
2010
2012
-10.0 75
-20.0 70
-30.0 65
Dallas Kansas City New York Philadelphia Richmond Chicago
Source: Regional Federal Reserve Banks
18. Percent Pricing Pressures
2.5
2.0
1.5
1.0
0.5
0.0
2010
2012
2011
-0.5
-1.0
-1.5
PPI - Manufactured Finished Goods PPI - Finished Goods
PPI - Finished Goods Less Food & Energy
Source: Bureau of Labor Statistics
20. Millions
of Workers
Employment Situation Unemployment
Rate
14 11%
13 10%
12
9%
11
8%
10
7%
9
6%
8
7 5%
6 4%
Durable Goods Nondurable Goods Unemployment Rate
Source: Bureau of Labor Statistics
21. Manufacturing Sectors with the Largest Net
Employment Gains YTD, in Thousands of Employees
(December 2009 to September 2012)
Transportation Equipment 155.2
Fabricated Metal Products 149.8
Machinery 129.4
Motor Vehicles and Parts 124.7
Primary Metals 57.8
Plastics and Rubber Products 37.3
Semiconductors and Electronic Components 22.3
Electrical Equipment and Appliances 17.1
Beverages and Tobacco Products 16.4
Food Manufacturing 15.7
Miscellaneous Manufacturing 9.9
Chemicals 5.5
Computer and Peripheral Equipment 5.3
Computer and Electronic Products 4.7
Petroleum and Coal Products 2.3
Leather and Allied Products 1.4
Source: Bureau of Labor Statistics
22. Top 20 States for Manufacturing Job Creation,
December 2009 to August 2012
(in Thousands of Workers)
Michigan 65.2
Ohio 52.1
Indiana 47.6
Texas 45.9
Illinois 44.9
Washington 31.2
Wisconsin 22.5
Iowa 19.6
Minnesota 16.9
Tennessee 15.9
Oklahoma 15.9
South Carolina 15.7
Pennsylvania 13.5
Missouri 13.3
Kentucky 12.9
Georgia 11.4
Oregon 8.7
Colorado 8.1
Utah 7.3
Kansas 6.9
Source: Bureau of Labor Statistics
24. Manufacturing Job Hires & Separations
(January 2007 to August 2012)
550
500
450
400
350
300
250
200
150
100
50
2011
2007
2008
2009
2010
2012
Job Openings Hires Separations
Source: Bureau of Labor Statistics
25. Growth in Output per Hour for
Manufacturing & Nonfarm Businesses
(1987=100)
290
270
250
230
210
190
170
150
130
110
90
1990
1987
1993
1996
1999
2002
2005
2008
2011
Manufacturing Durable Goods Nondurable Goods Nonfarm Business
Source: Bureau of Labor Statistics
26. Percentage Changes in Manufacturing
Productivity & Unit Labor Costs
13% 11.8%
10.1%
7.8% 8.2%
8% 6.8%
5.5% 5.5% 5.2% 5.5% 5.5%
4.8% 7.5%
3.9%
3.1% 3.0%
3% 1.5% 1.5%
1.2%
0.7% 0.7% 0.8%
0.1%
-0.4%
Q1:2010 Q2:2010 Q3:2010 Q4:2010 Q1:2011 Q2:2011 Q3:2011 Q4:2011 Q1:2012 Q2:2012
-2%
-0.3% -1.5% -1.9%
-3.6%
-4.8%
-7% -6.6%
-8.8%
-12%
Output Per Hour for All Persons Output Unit Labor Costs
Source: Bureau of Labor Statistics
27. % Growth of Manufactured Goods Exports
25.0% 23.8%
20.1%
20.0%
16.7% 17.2%
15.9%
15.0% 14.2%
13.0% 12.7%
10.8%
9.5%
10.0% 9.0%
6.3% 6.2%
5.7%
5.0%
0.0%
Canada Mexico FTA Europe Asia South TOTAL
America
Annual Change, 2011 vs. 2010 Year-to-Date, Q2:2012 vs. Q2:2011
Source: U.S. Department of Commerce
28. Housing Starts, Permits NAHB Housing
(in thousands of units) Housing Market Situation Market Index
2,500 80
70
2,000
60
1,500 50
40
1,000 30
20
500
10
0 0
2011
2012
2005
2006
2007
2008
2009
2010
Housing Starts Housing Permits NAHB Housing Market Index
Source: U.S. Census Bureau, National Association of Home Builders
29. Federal Government Receipts & Expenditures as a %
of Gross Domestic Product, 1947 to Present
28%
26%
24.2%
24%
22%
20%
18%
16%
14%
17.2%
12%
10%
1947 80
Federal Receipts as a % of GDP Federal Expenditures as a % of GDP
Source: Bureau of Economic Analysis
30. Questions?
Dr. Chad Moutray
Chief Economist
National Association of Manufacturers
cmoutray@nam.org
(202) 637-3148
31. # of Mfg. Industries (19) Manufacturing Production 1 month IP change (%)
5%
16
11 3%
6
1%
1
-4 -1%
-9
-3%
-14
-19 -5%
Number of Mfg Industries Increasing Number of Mfg Industries Decreasing
Percent Change in Mfg Production
Source: Federal Reserve Board
32. Net % of Lending Standard and Borrowing Demand
Respondents
For Commercial & Industrial Loans
35
31
28.1 27.3
25 21.8
21.8
20 19.7
16.4
13.5 15.1
15 10.5 10.5
8.8 9.1 9.6 9.5
7.1 7.8 6.9 7.9
5.5 7.1 5.9 6.2
5.6 5.8 4.9
5 1.8 1.9 1.8
0 0
-5 Q1:2010 Q2:2010 Q3:2010 Q4:2010 Q1:2011 Q2:2011 Q3:2011 Q4:2011 Q1:2012
-1.9 Q2:2012 Q3:2012
-3.7 -3.6 -5.4
-7.1 -7
-9.3
-15
-15.7
-18.8
-21.4
-25
-25.5
-29.6
-35
Easing of standards for large & medium-sized borrowers Easing of standards for small borrowers
Stronger demand from large & medium-sized borrowers Stronger demand from small borrowers
Source: Federal Reserve Board of Governors
33. Manufacturing Value-Added Per Worker
United States $118,419
Japan $92,960
United Kingdom $84,565
Republic of Korea $76,346
Canada $71,529
France $63,992
Germany $60,842
Italy $56,208
Spain $51,576
Mexico $28,226
India $28,051
Brazil $14,105
China $13,266
Source: United Nations, Bureau of Labor Statistics, International Labor Organization
34. Manufacturing and Business R&D
Information
13%
Professional, Scientifi
c & Technical
Services
14%
Manufacturing
67%
Other
Nonmanufacturing
Businesses
6%
Source: National Science Foundation
35. Manufacturing’s Multiplier Effect
Indirect Economic Activity Generated by $1 of Sector GDP
Manufacturing $1.35
Agriculture, Forestry, Fishing, and Hunting $1.20
Construction $0.97
Transportation and Warehousing $0.95
Information $0.88
Arts, Entertainment, Recreation, Accommodation, and Food… $0.84
Mining $0.82
Government $0.74
Other Services, Except Government $0.67
Educational Services, Health Care, and Social Assistance $0.66
Finance, Insurance, Real Estate, Rental, and Leasing $0.63
Wholesale Trade $0.58
Professional and Business Services $0.55
Retail Trade $0.55
Utilities $0.52
Source: Bureau of Economic Analysis, 2010 Annual Input-Output Tables
36. Average Private Sector Value-Added
Contributions to Real GDP, 1998-2011
Manufacturing 12.7%
Real estate, rental, and leasing 12.5%
Professional and business services 11.6%
Finance and insurance 7.9%
Education and healthcare 7.7%
Retail trade 6.6%
Wholesale trade 5.8%
Information 4.5%
Construction 4.4%
Arts, entertainment, recreation, accommodation… 3.8%
Transportation and warehousing 2.9%
Other Services 2.6%
Utilities 1.8%
Mining 1.4%
Agriculture 1.0%
Source: U.S. Department of Commerce
37. Global Manufacturing Output
U.S. Still Dominates Manufacturing Worldwide, with China Close Behind
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
2001 2002 2003 2004 2005 2006 2007 2008 2009
United States China (World Bank) Japan Germany
Republic of Korea Italy United Kingdom France
India Mexico
Source: United Nations Statistics Division, with China data from the World Bank.
38. U.S. Manufacturing Relative to GDP
of the 15 Largest Nations
$16
$14
$12
$10
$8
$6
$4 $1.8 Trillion
$2
$0
Source: Bureau of Economic Analysis, International Monetary Fund (2011 Data)
39. Distribution of U.S. Exports
Services
30%
Agriculture
6%
Manufacturing
60% Other
4%
Source: U.S. Department of Commerce
Source: U.S. Department of Commerce (2007)
40. Manufactured Goods Trade Balance
for FTA & FTA Countries, in Billions of Dollars
$100
$38.28
$8.87 $17.60 $14.61
$0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
-$100
-$200
-$300
-$319.27
-$400
-$412.01
-$441.94
-$500 -$466.04
-$600
FTA Countries Non-FTA Countries
Source: U.S. Department of Commerce