Manufacturing Sector – Canada – September 2023.pptx
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- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most. - Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown. - The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
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Manufacturing Sector – Canada – July 2023.pptx
Blog – Canada Manufacturing Sector Analysis and Commentary for July 2023
Summary:
Canada manufacturing sales rose 1.2% mom to CAD 72.9B in May, above expectation of 0.8%mom. The rise was mainly driven by higher sales of chemical products (+4.8%), motor vehicles (+4.8%) and machinery (+4.2%). Sales in primary metal manufacturing decreased the most (-6.9%).
Source - https://www.actionforex.com/live-comments/509996-canada-manufacturing-sales-rose-1-2-mom-in-may/
Other links and sources:
Commodity prices - https://www.capitaleconomics.com/publications/commodities-outlook/energy-prices-buck-downbeat-trend
Raw material costs - https://www.homebuilding.co.uk/news/construction-materials-shortage
Inventory - https://www.oliverwyman.com/our-expertise/insights/2023/jul/how-manufacturers-can-reduce-inventory-crises.html
ESG - https://www.plantemoran.com/get-to-know/news/2023/07/esg-standards-crucial-for-automakers
Downtime / Predictable Analytics - https://www.iiot-world.com/predictive-analytics/predictive-maintenance/the-actual-cost-of-downtime-in-the-manufacturing-industry/
Advanced Manufacturing - https://www.kearney.com/service/operations-performance/article/navigating-the-future-of-manufacturing
Manufacturing Sector – Canada – August 2023.pptx
Blog – Analysis and Commentary for Canada Manufacturing Sector – August 2023
Summary:
Manufacturing sales decreased 1.7% to $71.5 billion in June, on widespread declines over 14 of 21 subsectors, led by the petroleum and coal product (-8.3%), chemical (-6.5%), and machinery (-5.5%) subsectors. Sales of motor vehicles increased the most, rising 11.4% to $5.6 billion in June. On a quarterly basis, total sales fell 0.8% in the second quarter of 2023, mainly on lower sales in the petroleum and coal product (-8.1%) and primary metal (-8.9%) subsectors. Year over year, total sales decreased 1.4% in June.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/230815/dq230815b-eng.htm
Other sources and links:
Manufacturing outlook - https://www.bnnbloomberg.ca/statistics-canada-reports-manufacturing-sales-down-1-7-per-cent-in-june-1.1959187
Lithium - https://newsdirect.com/news/lightning-minerals-acquires-highly-prospective-canadian-lithium-projects-961963537
Algoma - https://www.steelorbis.com/steel-news/latest-news/canadas-algoma-steel-posts-lower-net-profit-for-q1-amid-lower-prices-higher-costs-1302133.htm
Forestry - https://www.woodbusiness.ca/forests-on-challenging-terrain/
Mining - https://financialpost.com/commodities/mining/1-year-us-inflation-reduction-act-how-canada-responded
ESG Bonds - https://www.bnnbloomberg.ca/s-p-decision-to-ax-esg-scores-from-bond-ratings-splits-market-1.1959099
Food - https://thoughtleadership.rbc.com/reboot-of-the-growing-challenge-part-3-the-hidden-threat-of-food-spoilage-and-waste/
Commodities - https://www.reuters.com/markets/tsx-futures-sink-weak-commodity-prices-canadas-cpi-focus-2023-08-15/
Supply chain risks - https://www.supplychainbrain.com/articles/37880-five-preventive-measures-to-mitigate-supply-chain-risk
Technologies - https://www.sme.org/technologies/articles/2023/august/6-ways-robots-are-changing-manufacturing/
Critical metals – https://www.dentonsmininglaw.com/driving-sustainability-how-electric-vehicles-critical-minerals-and-governments-are-shaping-the-future-of-mobility/
Durable Goods and Capital Spending - United States and the World - May 2023.pptx
Blog – Durable Goods and Capital Spending Analysis and Commentary – June 2023
Summary:
The monthly increase in durable goods orders was $4.9 billion and was largely driven by transportation equipment that was up for the third consecutive month, the U.S. Census Bureau said in the report.
The core durable goods section, which excludes the volatile transportation sector, was up 0.6% in May versus the expected drop of 0.1%. Excluding defense, new orders rose 3%.
The government’s durables report covers items with an expected life of at least three years, such as kitchen appliances, computers, furniture, autos, and airplanes. Economists carefully watch the data for signs of where the economy might be heading.
Despite the stronger-than-expected report, analysts still see weakness in investment to come.
“The wider evidence still suggests that business equipment investment has further to fall,” said Capital Economics deputy chief U.S. economist Andrew Hunter. “While the drag from higher rates on residential investment appears to be fading, we still think the hit to business investment has further to run.”
Source: https://www.kitco.com/news/2023-06-27/U-S-durable-goods-beat-expectations-in-May-gold-price-keeps-its-daily-gains.html
Additional sources and links:
Economic outlook - https://www.advisorperspectives.com/articles/2023/06/26/deduction-index-economic-and-market-swedroe?utm_source=articles_feed&utm_medium=rss&utm_campaign=item_link
Equity Market - https://www.blackrock.com/us/individual/insights/taking-stock-quarterly-outlook
Machine tools orders - https://www.amtonline.org/article/us-cutting-tool-orders-totaled-usd190-0-million-in-april-2023-bringing-year
Automation - https://techjury.net/blog/jobs-lost-to-automation-statistics/ or Blog – Top Six reasons to step up Business Automation - https://www.linkedin.com/posts/paul-young-055632b_six-reasons-not-to-let-economic-uncertainty-activity-7079137391667515392-MV7v?utm_source=share&utm_medium=member_desktop
Construction costs - https://www.on-sitemag.com/construction/construction-costs-remain-problematic/1003979723/
Infrastructure - https://www.contractornews.com/673/government-infrastructure-spending-bolsters-construction-industry
Sustainable Financing - https://about.bankofamerica.com/en/making-an-impact/sustainable-finance
Mitigation - https://www.reuters.com/world/europe/lack-funds-risks-europe-missing-climate-goals-auditors-say-2023-06-26/
Manufacturing - Canada -February 2022 and March 2022.pptx
Manufacturing sales increased for the fifth consecutive month, up 4.2% to $67.7 billion in February on higher sales in 14 of 21 industries, led by the motor vehicle (+25.0%), food (+5.3%), petroleum and coal (+6.7%), and wood (+8.5%) industries. Meanwhile, sales of computer and electronic products decrease the most, down 7.9% to $1.2 billion in February. Total manufacturing sales rose 19.5% on a year-over-year basis in February.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220414/dq220414a-eng.htm
Durable Goods and Capital Spending - USA - Durable Goods - February 2022.pptx
Durable goods are a key measure of the economy. Here is my latest report.
Durable Goods and Capital Spending - United States and the World - July 2022....
Blog – Durable Goods and Capital Spending – United States and the World
Summary:
Few orders for U.S. manufactured durable goods were virtually unchanged in the month of July, according to a report released by the Commerce Department on Wednesday.
The Commerce Department said durable goods orders edged down by less than a tenth of a percent in July after surging by a revised 2.2 percent in June.
Economists had expected durable goods orders to increase by 0.6 percent compared to the 2.0 percent jump that had been reported for the previous month.
Excluding a pullback in orders for transportation equipment, durable goods orders rose by 0.3 percent for the second straight month. Ex-transportation orders were expected to inch up by 0.2 percent.
Source: https://www.nasdaq.com/articles/u.s.-durable-goods-orders-unchanged-in-july
Durable Goods and Capital Spending - United States and the World - September ...
Blog – Durable Goods and Capital Spending – United States and the World – September 2022
Capital spending appears to be heading downward as part of recession fears in 2023
R&D appears to also face cuts due to the fear of a recession in 2023
Ports and intermodal capital spending is required to address issues with port capacity
2023 will be challenging year for both the private and public sectors
Power grid needs to make major capital investments as part of net zero plans as well as supporting power demands.
Cash reserves by corporation has decline over the past year.
Durable Goods and Capital Spending - USA - Durable Goods - March 2022.pptx
Bookings for durable goods -- items meant to last at least three years -- increased 0.8% in March after a revised 1.7% decline a month earlier, Commerce Department figures showed Tuesday. The figures aren’t adjusted for inflation.
The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, rose by a larger-than-forecast 1%.
https://ca.finance.yahoo.com/news/u-durable-goods-orders-rise-123253220.html
Recommended
Manufacturing Sector – Canada – July 2023.pptx
Blog – Canada Manufacturing Sector Analysis and Commentary for July 2023
Summary:
Canada manufacturing sales rose 1.2% mom to CAD 72.9B in May, above expectation of 0.8%mom. The rise was mainly driven by higher sales of chemical products (+4.8%), motor vehicles (+4.8%) and machinery (+4.2%). Sales in primary metal manufacturing decreased the most (-6.9%).
Source - https://www.actionforex.com/live-comments/509996-canada-manufacturing-sales-rose-1-2-mom-in-may/
Other links and sources:
Commodity prices - https://www.capitaleconomics.com/publications/commodities-outlook/energy-prices-buck-downbeat-trend
Raw material costs - https://www.homebuilding.co.uk/news/construction-materials-shortage
Inventory - https://www.oliverwyman.com/our-expertise/insights/2023/jul/how-manufacturers-can-reduce-inventory-crises.html
ESG - https://www.plantemoran.com/get-to-know/news/2023/07/esg-standards-crucial-for-automakers
Downtime / Predictable Analytics - https://www.iiot-world.com/predictive-analytics/predictive-maintenance/the-actual-cost-of-downtime-in-the-manufacturing-industry/
Advanced Manufacturing - https://www.kearney.com/service/operations-performance/article/navigating-the-future-of-manufacturing
Manufacturing Sector – Canada – August 2023.pptx
Blog – Analysis and Commentary for Canada Manufacturing Sector – August 2023
Summary:
Manufacturing sales decreased 1.7% to $71.5 billion in June, on widespread declines over 14 of 21 subsectors, led by the petroleum and coal product (-8.3%), chemical (-6.5%), and machinery (-5.5%) subsectors. Sales of motor vehicles increased the most, rising 11.4% to $5.6 billion in June. On a quarterly basis, total sales fell 0.8% in the second quarter of 2023, mainly on lower sales in the petroleum and coal product (-8.1%) and primary metal (-8.9%) subsectors. Year over year, total sales decreased 1.4% in June.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/230815/dq230815b-eng.htm
Other sources and links:
Manufacturing outlook - https://www.bnnbloomberg.ca/statistics-canada-reports-manufacturing-sales-down-1-7-per-cent-in-june-1.1959187
Lithium - https://newsdirect.com/news/lightning-minerals-acquires-highly-prospective-canadian-lithium-projects-961963537
Algoma - https://www.steelorbis.com/steel-news/latest-news/canadas-algoma-steel-posts-lower-net-profit-for-q1-amid-lower-prices-higher-costs-1302133.htm
Forestry - https://www.woodbusiness.ca/forests-on-challenging-terrain/
Mining - https://financialpost.com/commodities/mining/1-year-us-inflation-reduction-act-how-canada-responded
ESG Bonds - https://www.bnnbloomberg.ca/s-p-decision-to-ax-esg-scores-from-bond-ratings-splits-market-1.1959099
Food - https://thoughtleadership.rbc.com/reboot-of-the-growing-challenge-part-3-the-hidden-threat-of-food-spoilage-and-waste/
Commodities - https://www.reuters.com/markets/tsx-futures-sink-weak-commodity-prices-canadas-cpi-focus-2023-08-15/
Supply chain risks - https://www.supplychainbrain.com/articles/37880-five-preventive-measures-to-mitigate-supply-chain-risk
Technologies - https://www.sme.org/technologies/articles/2023/august/6-ways-robots-are-changing-manufacturing/
Critical metals – https://www.dentonsmininglaw.com/driving-sustainability-how-electric-vehicles-critical-minerals-and-governments-are-shaping-the-future-of-mobility/
Durable Goods and Capital Spending - United States and the World - May 2023.pptx
Blog – Durable Goods and Capital Spending Analysis and Commentary – June 2023
Summary:
The monthly increase in durable goods orders was $4.9 billion and was largely driven by transportation equipment that was up for the third consecutive month, the U.S. Census Bureau said in the report.
The core durable goods section, which excludes the volatile transportation sector, was up 0.6% in May versus the expected drop of 0.1%. Excluding defense, new orders rose 3%.
The government’s durables report covers items with an expected life of at least three years, such as kitchen appliances, computers, furniture, autos, and airplanes. Economists carefully watch the data for signs of where the economy might be heading.
Despite the stronger-than-expected report, analysts still see weakness in investment to come.
“The wider evidence still suggests that business equipment investment has further to fall,” said Capital Economics deputy chief U.S. economist Andrew Hunter. “While the drag from higher rates on residential investment appears to be fading, we still think the hit to business investment has further to run.”
Source: https://www.kitco.com/news/2023-06-27/U-S-durable-goods-beat-expectations-in-May-gold-price-keeps-its-daily-gains.html
Additional sources and links:
Economic outlook - https://www.advisorperspectives.com/articles/2023/06/26/deduction-index-economic-and-market-swedroe?utm_source=articles_feed&utm_medium=rss&utm_campaign=item_link
Equity Market - https://www.blackrock.com/us/individual/insights/taking-stock-quarterly-outlook
Machine tools orders - https://www.amtonline.org/article/us-cutting-tool-orders-totaled-usd190-0-million-in-april-2023-bringing-year
Automation - https://techjury.net/blog/jobs-lost-to-automation-statistics/ or Blog – Top Six reasons to step up Business Automation - https://www.linkedin.com/posts/paul-young-055632b_six-reasons-not-to-let-economic-uncertainty-activity-7079137391667515392-MV7v?utm_source=share&utm_medium=member_desktop
Construction costs - https://www.on-sitemag.com/construction/construction-costs-remain-problematic/1003979723/
Infrastructure - https://www.contractornews.com/673/government-infrastructure-spending-bolsters-construction-industry
Sustainable Financing - https://about.bankofamerica.com/en/making-an-impact/sustainable-finance
Mitigation - https://www.reuters.com/world/europe/lack-funds-risks-europe-missing-climate-goals-auditors-say-2023-06-26/
Manufacturing - Canada -February 2022 and March 2022.pptx
Manufacturing sales increased for the fifth consecutive month, up 4.2% to $67.7 billion in February on higher sales in 14 of 21 industries, led by the motor vehicle (+25.0%), food (+5.3%), petroleum and coal (+6.7%), and wood (+8.5%) industries. Meanwhile, sales of computer and electronic products decrease the most, down 7.9% to $1.2 billion in February. Total manufacturing sales rose 19.5% on a year-over-year basis in February.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220414/dq220414a-eng.htm
Durable Goods and Capital Spending - USA - Durable Goods - February 2022.pptx
Durable goods are a key measure of the economy. Here is my latest report.
Durable Goods and Capital Spending - United States and the World - July 2022....
Blog – Durable Goods and Capital Spending – United States and the World
Summary:
Few orders for U.S. manufactured durable goods were virtually unchanged in the month of July, according to a report released by the Commerce Department on Wednesday.
The Commerce Department said durable goods orders edged down by less than a tenth of a percent in July after surging by a revised 2.2 percent in June.
Economists had expected durable goods orders to increase by 0.6 percent compared to the 2.0 percent jump that had been reported for the previous month.
Excluding a pullback in orders for transportation equipment, durable goods orders rose by 0.3 percent for the second straight month. Ex-transportation orders were expected to inch up by 0.2 percent.
Source: https://www.nasdaq.com/articles/u.s.-durable-goods-orders-unchanged-in-july
Durable Goods and Capital Spending - United States and the World - September ...
Blog – Durable Goods and Capital Spending – United States and the World – September 2022
Capital spending appears to be heading downward as part of recession fears in 2023
R&D appears to also face cuts due to the fear of a recession in 2023
Ports and intermodal capital spending is required to address issues with port capacity
2023 will be challenging year for both the private and public sectors
Power grid needs to make major capital investments as part of net zero plans as well as supporting power demands.
Cash reserves by corporation has decline over the past year.
Durable Goods and Capital Spending - USA - Durable Goods - March 2022.pptx
Bookings for durable goods -- items meant to last at least three years -- increased 0.8% in March after a revised 1.7% decline a month earlier, Commerce Department figures showed Tuesday. The figures aren’t adjusted for inflation.
The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, rose by a larger-than-forecast 1%.
https://ca.finance.yahoo.com/news/u-durable-goods-orders-rise-123253220.html
Durable Goods and Capital Spending - USA - Durable Goods - April 2022.pptx
Summary:
Durable goods orders in the United States increased by 0.4% in April compared to the previous month and stood at $265.3 billion, according to a preliminary report by the US Census Bureau on Wednesday. The growth was softer than the expected 0.6%.
Shipments of manufactured durable goods in April were up by 0.1% to $264.3 billion compared to March, while inventories grew by 0.8% to $479.4 billion. Unfilled orders increased by 0.5% to $1,106.7 billion.
Source - https://www.teletrader.com/us-durable-goods-orders-up-0-4-in-april/news/details/57950547?internal=1&ts=1653516421674
Durable Goods and Capital Spending - USA - Durable Goods - May 2022.pptx
Summary:
Bookings for durable goods -- items meant to last at least three years -- increased 0.7% in May after a revised 0.4% advance a month earlier, Commerce Department figures showed Monday. The figures aren’t adjusted for inflation.
The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, rose 0.5% after a 0.3% gain a month earlier.
The median estimates in a Bloomberg survey of economists called for a 0.1% increase in orders for all durable goods and a 0.2% gain in the core figure.
The broad pickup in orders suggests capital investment was firm in May even as more recent manufacturing data have started to show signs of softening. Several regional Fed measures of economic activity deteriorated or outright contracted in June, including in New York state and the Philadelphia area.
S&P Global’s manufacturing output index also sunk into contraction territory, stymied by high prices, weaker demand and materials shortages. So did new orders.
Source: https://news.yahoo.com/us-durable-goods-orders-exceed-123853901.html
Durable Goods and Capital Spending - United States and the World - March 2023...
Blog – Durable Goods and Capital Spending Outlook – United States and the World – March 2023
Durable Goods Summary:
New orders for durable goods fell in February on transportation equipment, the Commerce Department reported today.
Orders slid 1 percent to $268.4 billion last month, according to a monthly report. It was the third decline in the past four months and followed a revised fall of 5 percent in January.
Excluding transportation, orders were almost unchanged. Excluding defense, new orders decreased 0.5 percent.
The transportation category fell 2.8 percent to $89.4 billion, also the third decline in the past four months.
Within transportation, orders for commercial aircraft and parts slipped 6.6 percent to $11.2 billion. Demand for commercial air travel has rebounded from COVID-19 lows. Still, aircraft maker Boeing Co. continues to confront manufacturing issues.
Orders for defense aircraft and parts declined 11 percent to $5.4 billion.
Source - https://www.sme.org/technologies/articles/2023/march/durable-goods-orders-decline-on-transportation/
Capital spending outlook for 2023 - https://mishtalk.com/economics/durable-goods-new-orders-decline-for-the-second-time-in-three-months
Green spending top one trillion dollars in 2022 - https://www.corporateknights.com/category-finance/global-clean-energy-investing-tops-us1-trillion-for-first-time-ever/
Boosting productivity through digital adoption - https://www.forbes.com/sites/joemckendrick/2023/02/27/digital-technology-may-give--productivity-the-boost-it-needs/?sh=3e6da444fefe
Input costs continue to see wild swings - https://www.tradealgo.com/news/march-saw-u-s-economic-growth-accelerate-to-a-10-month-high
ESG and Sustainability adoption will continue drive key investments with both human capital and business capital as part of getting to net zero - https://www.phillipinvest.com.my/how-will-esg-and-energy-transition-evolve-on-the-path-towards-net-zero/
Agriculture and green adoption - https://green.org/2023/03/24/agricultural-tech-adoption-under-climate-change/
Green construction - https://www.marketwatch.com/press-release/green-technology-in-construction-market-share-by-2031-2023-03-24
Manufacturing - Canada - May 2022 and April 2022.pptx
Summary:
Following seven consecutive monthly increases, manufacturing sales fell 2.0% to $71.6 billion in May, on lower sales in 11 of 21 industries. The decline was primarily driven by the motor vehicle (-31.9%), primary metal (-4.1%), and miscellaneous manufacturing (-10.8%) industries. Meanwhile, sales of petroleum and coal products (+5.4%) and machinery (+3.3%) increased the most.
Sales in constant dollars decreased 3.9% in May, indicating that lower volumes were responsible for the decline in sales on a current dollars basis, while the Industrial Product Price Index rose 1.7% in May.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220714/dq220714a-eng.htm
Manufacturing Sector - Canada - June 2022.pptx
Blog – What is next for Manufacturing in Canada – July 2022
Summary:
Following a 1.1% decline in May, manufacturing sales fell 0.8% to $71.8 billion in June, on lower sales in 8 of 21 industries, led by the petroleum and coal product (-7.8%), wood product (-7.2%) and aerospace product and parts (-16.8%) industries. Meanwhile, sales of motor vehicles (+13.8%) and chemical products (+6.0%) increased the most.
On a quarterly basis, sales rose 5.8% in the second quarter, the eighth consecutive quarterly gain and the third largest gain in dollars on record. The petroleum and coal industry (+21.9%) contributed the most to the increase, while the wood product industry (-6.3%) posted the largest quarterly decline.
Sales in constant dollars edged up 0.1% in June, while the Industrial Product Price Index declined 1.1% in that month. On a quarterly basis, constant dollars sales increased 1.3% in the second quarter.
Source – https://www150.statcan.gc.ca/n1/daily-quotidien/220815/dq220815a-eng.htm
Canada GDP Analysis and Commentary - March 2023.pptx
Blog – GDP Analysis and Commentary – Canada – March 2023
Real gross domestic product (GDP) was essentially unchanged in March, following a 0.1% increase in February. Service-producing industries (+0.0%) were flat, whereas goods-producing industries (-0.1%) edged down. Overall, 12 of 20 industrial sectors posted increases in March.
Public sector continues upward momentum
The public sector (educational services, health care and social assistance, and public administration combined) continued its upward momentum, increasing 0.3% in March and rising continuously since February 2022.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/230531/dq230531b-eng.htm
Additional sources and links
GDP / Canada - https://financialpost.com/pmn/business-pmn/canadas-q1-gdp-outperforms-with-3-1-growth-april-seen-up-0-2
Government spending - https://www.bloomberg.com/news/articles/2023-05-31/canada-economy-grows-3-1-in-first-quarter-beating-expectations#xj4y7vzkg
Oil Production - https://www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-05-30/
LNG Production - https://www.bnnbloomberg.ca/european-gas-slips-as-sluggish-chinese-data-damps-lng-demand-1.1926881
Food costs and security - https://ca.sports.yahoo.com/news/under-pressure-government-looks-food-191700923.html
Tech Trends - https://www.europeanbusinessreview.com/tech-business-trends-to-watch-in-2023/
ESG - https://environment-analyst.com/global/109439/from-compliance-to-value-creation-preparing-for-esg-disclosure-rules
Advertising - https://www.adweek.com/agencies/global-ad-spend-on-the-rise-but-digital-growth-is-slowing/
Global Inflation - https://www.euromonitor.com/article/global-inflation-tracker-q2-2023-inflation-trends-down-but-labour-markets-pressure-services-prices
Lithium - https://www.bnnbloomberg.ca/chile-sees-lithium-swinging-into-surplus-as-new-supply-arrives-1.1926597
Productivity - https://energynow.ca/2023/05/philip-cross-canadas-worst-decade-for-real-economic-growth-since-the-1930s-learn-why-here/
Manufacturing - https://www.bnnbloomberg.ca/canadian-economic-growth-tops-forecasts-boosting-rate-hike-odds-1.1927014
Manufacturing - USA - February 2023 and March 2023.pptx
Blog – United States Manufacturing Sector Analysis and Commentary – March 2023
Summary:
U.S. manufacturing-sector orders fell again in February, driven again by a decline in transportation equipment and manufactured durable goods orders, albeit at a slower pace than in January.
New orders for manufactured goods fell 0.7% in February on month to $536.4 billion, compared with a revised 2.1% fall in January, data from the Commerce Department showed Tuesday.
The reading is a touch weaker than the 0.6% decrease expected by economists in a poll by The Wall Street Journal.
The fall was driven by a 2.8% drop in orders for transportation equipment, the data showed. Nondefense aircraft and parts orders once again dropped, by 6.6% in February, after a 56.3% dip in January, although the figures came after a hefty rise at the end of 2022. Even excluding transportation, total orders still fell 0.3%, a swing from a 0.8% rise in January.
New orders for manufactured durable goods--those meant to last at least three years--fell 1.0% in February, in line with preliminary estimate and after a 5.0% increase in December. New orders for manufactured nondurable goods tumbled 0.4%.
Surveys to manufacturers suggest that despite recent moderation of the fall in orders, the pace of declines could accelerate again.
ISM purchasing managers index showed Monday that new orders at U.S. manufacturers contracted again in March, reaching its lowest level since May 2020.
Source - https://www.marketscreener.com/news/latest/U-S-Factory-Orders-Fell-Again-in-February-Though-at-Slower-Pace--43426768/
PMI has fallen below 50 - https://www.prnewswire.com/news-releases/manufacturing-pmi-at-46-3-march-2023-manufacturing-ism-report-on-business-301787309.html
United States factory orders decline in February 2023 - https://www.marketscreener.com/news/latest/U-S-Factory-Orders-Fell-Again-in-February-Though-at-Slower-Pace--43426768/
Nearshoring to Mexico continues to pick up steam. https://www.reuters.com/world/americas/nearshoring-bets-boost-mexican-real-estate-transport-shares-2023-04-04/
Producer price index decline in February 2023 - https://www.reuters.com/markets/us/us-producer-prices-unexpectedly-fall-february-2023-03-15/
United States continues to look at better ways to manage supply chains like critical metals - https://www.barrons.com/amp/articles/niocorp-achieves-processing-breakthrough-in-demonstration-plant-testing-of-niobium-and-titanium-production-19e70748
Broadband spending is expected to decline in 2023 - https://www.benton.org/headlines/wireless-capital-expenditures-north-america-poised-plunge-10-20-percent-2023
Market volatility continues to drive asset management decisions - https://www.usbank.com/investing/financial-perspectives/market-news/economic-news.html
Government continues to address climate change with more spending in the green and clean economy - https://www.weforum.org/agenda/2023/04/clean-energy-government-investment-spending/
Manufacturing - USA - August 2022.pptx
Summary:
The copper price jumped on Tuesday after weak US manufacturing data eased concerns that the Federal Reserve will tighten monetary policy too rapidly.
The Institute for Supply Management’s gauge of US factory activity dropped to the lowest in more than two years in September, causing the dollar to retreat.
Source - https://www.usatoday.com/story/money/business/2022/10/03/s-p-500-dow-nasdaq-uk-axes-planned-tax-cut/8167019001/ or https://www.mining.com/copper-price-jumps-after-weak-us-manufacturing-data/
Manufacturing - Canada - April 2022 and May 2022.pptx
Manufacturing sales rose 1.7% to $72.3 billion in April, mainly on higher sales in the petroleum and coal product (+3.7%), motor vehicle (+8.2%), and primary metal (+4.1%) as well as higher production of aerospace product and parts (+11.2%) industries. Meanwhile, wood product sales decreased the most (-6.0%).
Sales in constant dollars rose 0.9% in April, indicating that both prices and volume sold contributed to the gains in April. The Industrial Product Price Index rose 0.8% in April.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220614/dq220614a-eng.htm
Dawn of a new era for Small-to Medium Size Public and Private Sectors Entities
Blog – Dawn of a new Era for Small to Medium-size Businesses
Small and medium-size businesses are the backbone to the Canada’s economy. The new era will see many changes to how both the private and public sector operate as part of delivering goods and services to its consumers.
1. Connectivity and online solutions - https://ca.sports.yahoo.com/news/canadian-small-business-owners-business-130000061.html
2. Resiliency and small businesses - https://www.bnnbloomberg.ca/we-ve-been-resilient-it-hasn-t-been-easy-canadian-small-businesses-on-navigating-covid-1.1663903
3. Small business optimism - https://canadiansme.ca/canadian-small-business-owners-feeling-optimistic-about-the-future-with-bipoc-owned-businesses-further-along-on-the-path-to-recovery-scotiabank-report-finds/
4. Taxes - https://www.newswire.ca/news-releases/tax-tip-the-canada-revenue-agency-reaffirms-its-commitment-to-small-businesses-during-small-business-week-2021-883960980.html
5. ESG - https://www.investmentexecutive.com/newspaper_/news-newspaper/disclosure-reforms-draw-praise-concern/
6. Skills gap - https://www.northernontariobusiness.com/industry-news/agriculture/workforce-strategy-underway-to-address-labour-gaps-in-agriculture-4510982
7. Innovation - https://www.ept.ca/2021/10/national-organization-helps-canadian-smes-innovate/
8. Carbon tax - https://www.todayville.com/edmonton/is-federal-carbon-tax-killing-jobs-experts-say-answer-isnt-black-and-white-2/
9. Clean - https://www.canadianmanufacturing.com/features/canada-is-aiming-for-carbon-neutrality-and-that-will-mean-big-changes-to-how-we-produce-and-consume-energy/
10. Circular economy - https://www.marketwatch.com/story/a-better-way-than-recycling-these-manufacturers-are-taking-part-in-a-circular-economy-11633613962
Manufacturing Sector - Canada - July 2022.pptx
Manufacturing sales fell 0.9% to $71.6 billion in July, the third consecutive monthly decline, on lower sales in 12 of 21 industries, led by the primary metal (-9.9%), petroleum and coal product (-5.3%), and furniture and related products (-11.2%) industries. Meanwhile, sales of food (+2.5%), motor vehicle parts (+10.7%), and paper products (+8.1%) industries increased the most.
Chart 1
Manufacturing sales
Sales in constant dollars increased 0.6% in July, the second consecutive monthly increase, while the Industrial Product Price Index declined 2.1% for the month.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220914/dq220914a-eng.htm
Durable Goods and Capital Spending - United States and the World - April 2023...
Blog – Durable Goods and Capital Spending Analysis and Commentary – April 2023
Summary:
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by much more than expected in March amid a substantial rebound in orders for transportation equipment.
The report said durable goods orders spiked by 3.2 percent in March after tumbling by a revised 1.2 percent in February.
Economists had expected durable goods orders to climb by 0.8 percent compared to the 1.0 percent slump that had been reported for the previous month.
Excluding the jump in orders for transportation equipment, durable goods orders rose by 0.3 percent in March after falling by 0.3 percent in February. Ex-transportation orders were expected to dip by 0.2 percent.
Source – https://www.nasdaq.com/articles/u.s.-durable-goods-orders-surge-much-more-than-expected-in-march
Construction Sector| Canada and the World
Blog – Construction and Infrastructure – Canada and the World
Canada like many countries still has a sizable infrastructure gap.
1. Average housing price - https://www.ctvnews.ca/canada/canadian-home-prices-have-jumped-21-4-per-cent-since-last-year-survey-finds-1.5624046
2. Infrastructure - https://ucalgary.ca/news/progress-stops-when-we-create-and-dismantle-infrastructure-programs-every-federal-election
3. Climate change - https://www.preventionweb.net/publication/under-water-costs-climate-change-canadas-infrastructure
4. Infrastructure bank - https://www.bnnbloomberg.ca/infrastructure-bank-set-to-badly-miss-spending-goals-pbo-1.1596377
5. Affordability - https://betterdwelling.com/canadian-housing-affordability-is-the-worst-in-30-years-prices-to-flatten-rbc/
6. Solar panels - https://www.solarreviews.com/blog/dont-buy-solar-panels
7. Construction materials - https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
8. Raw Material index - https://tradingeconomics.com/canada/wholesale-prices
9. Funding gaps - https://www.stalberttoday.ca/local-news/bridging-the-municipal-funding-gap-series-problems-on-the-horizon-4329687
10. Infrastructure - https://www.renewcanada.net/feature/what-comes-next-for-canadian-infrastructure/
11. Economic challenges - https://www.theglobeandmail.com/politics/article-12-challenges-facing-the-next-government/
12. Climate change - https://www.hilltimes.com/2021/09/28/the-gathering-storm-building-climate-resilience-requires-innovative-financing/319968
13. gap - https://www.airdrietoday.com/beyond-local/bridging-the-municipal-funding-gap-more-expenditures-same-revenue-sources-4482425
USA| Manufacturing| January 2022 and December 2021
Summary:
New orders for U.S.-made goods fell slightly more than expected in December, but manufacturing remains supported by businesses replenishing inventories.
The Commerce Department said on Thursday that factory orders decreased 0.4% in December. Data for November was revised higher to show orders increasing 1.8% instead of 1.6% as previously reported. Economists polled by Reuters had forecast factory orders slipping 0.2%. Orders increased 16.9% in 2021.
Manufacturing, which accounts for 11.9% of the economy, is being underpinned by businesses rebuilding inventories.
Source - https://money.usnews.com/investing/news/articles/2022-02-03/u-s-factory-orders-fall-in-december-shipments-rise-further
1. USA Manufacturing – https://www.yakimaherald.com/reshoring-manufacturing-might-be-washingtons-future/article_453dc45d-b050-58a8-9bf9-27a7d6a0c516.html
2. Manufacturing optimization - https://www.energy.gov/eere/amo/articles/department-energy-awards-28-million-10-projects-will-develop-emerging
3. AI and manufacturing - https://research.aimultiple.com/manufacturing-ai/
4. Robotics - https://austincountynewsonline.com/a-record-number-of-robots-joined-american-workforce-in-2021-amid-covid-labor-crunch/
5. Shortages - https://shopmetaltech.com/industry-update/u-s-manufacturing-grew-in-january-but-remains-plagued-by-bottlenecks.html
6. Food Production - https://manufacturingglobal.com/ai-and-automation/expect-to-see-these-food-manufacturing-trends-in-2022
7. Semiconductors - https://rollcall.com/2022/02/04/cost-to-rebuild-u-s-semiconductor-manufacturing-will-keep-growing/
8. PMI - https://www.investing.com/economic-calendar/manufacturing-pmi-829
9. Future of manufacturing - https://seekingalpha.com/article/4484370-future-of-manufacturing
10. Automotive - https://www.tti.com/content/ttiinc/en/resources/marketeye/categories/industry/me-staff-20220204.html
11. Farm - https://www.tti.com/content/ttiinc/en/resources/marketeye/categories/industry/me-staff-20220204.html
12. Automation - https://www.bmc.com/blogs/it-automation-trends/
13. Raw material - https://www.koreatimes.co.kr/www/tech/2022/02/419_21021.html?fa
USA - Manufacturing - April 2022 and May 2022.pptx
Summary:
• The May ISM manufacturing index registered 56.1, topping expectations of a 54.5 print. The index rose 0.7 percentage points from the April reading of 55.4.
• New orders rose by 1.6 percentage points to 55.1, while new export orders rose by 0.2 percentage points to 52.9.
• The backlog of orders sub-index came in at 58.7, rising 2.7 percentage points from April's 56.0 print.
• The production index increased 0.6 percentage points to 54.2 while the employment index fell 1.3 percentage points to 49.6.
• The supplier deliveries sub-index fell to 65.7 from 67.2 in April. The sub-index continues to reflect difficulties in improving delivery rates due to production issues related to the pandemic.
• 15 of 18 manufacturing industries reported growth in May. Growth was led by Apparel, Leather & Allied Products; printing & Related Support Activities; Machinery; Nonmetallic Mineral Products; Computer Electronic Products; and Food, Beverage & Tobacco Products.
Source - https://economics.td.com/us-ism-manufacturing-index
What is up with the Stock Market for WE - May 12 2023.pptx
Blog – Stock Market Analysis and Commentary for the WE May 12, 2023
Summary:
U.S. stocks closed lower on Thursday dragged down by Disney as the company reported a sharp decline in subscribers, while concerns around regional banks once again grew, denting investors’ confidence. The S&P 500 and Dow ended in negative territory but the Nasdaq closed in the green.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.7% or 221.82 points to finish at 33,309.51 points.
The S&P 500 declined 0.2% or 7.02 points to end at 4,130.82 points. Energy, utilities and materials stocks were the worst performers.
]The Energy Select Sector SPDR (XLE) and Utilities Select Sector SPDR (XLU) declined 1.2% and 1%, respectively. The Real Estate Select Sector SPDR (XLRE) and Materials Select Sector SPDR (XLB) also lost 1% each. Eight of the 11 sectors of the benchmark index ended in negative territory.
The tech-heavy Nasdaq rose 0.2% or 22.06 points to close at 12,328.50 points.
The fear-gauge CBOE Volatility Index (VIX) was down 0.06% to 16.93. Decliners outnumbered advancers on the NYSE by a 2.27-to-1 ratio. On Nasdaq, a 1.67-to-1 ratio favored declining issues. A total of 10.05 billion shares were traded on Thursday, lower than the last 20-session average of 10.69 billion.
Source: https://ca.finance.yahoo.com/news/stock-market-news-may-12-133001363.html
How to fix the Governance model for Government (Public Sector).pptx
Summary:
I have written many presentations and blogs over the years on transforming the public sector. The public sector needs to reform its model including stronger crisis and risk management planning and analysis, creating new a compliance group that ensures all oversight agencies are free from partisan policies, governments need to learn to live within its means, all program spending should undertake a program review, taxation focus should be on tax fairness, policies should address issues like wage reform or pension reform or other reforms.
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Here is look at the retail sales for Canada
Addressing issues with the Public Sector Governance Model.pptx
Here is my look at the governance model for Australia
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Durable Goods and Capital Spending - USA - Durable Goods - April 2022.pptx
Summary:
Durable goods orders in the United States increased by 0.4% in April compared to the previous month and stood at $265.3 billion, according to a preliminary report by the US Census Bureau on Wednesday. The growth was softer than the expected 0.6%.
Shipments of manufactured durable goods in April were up by 0.1% to $264.3 billion compared to March, while inventories grew by 0.8% to $479.4 billion. Unfilled orders increased by 0.5% to $1,106.7 billion.
Source - https://www.teletrader.com/us-durable-goods-orders-up-0-4-in-april/news/details/57950547?internal=1&ts=1653516421674
Durable Goods and Capital Spending - USA - Durable Goods - May 2022.pptx
Summary:
Bookings for durable goods -- items meant to last at least three years -- increased 0.7% in May after a revised 0.4% advance a month earlier, Commerce Department figures showed Monday. The figures aren’t adjusted for inflation.
The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, rose 0.5% after a 0.3% gain a month earlier.
The median estimates in a Bloomberg survey of economists called for a 0.1% increase in orders for all durable goods and a 0.2% gain in the core figure.
The broad pickup in orders suggests capital investment was firm in May even as more recent manufacturing data have started to show signs of softening. Several regional Fed measures of economic activity deteriorated or outright contracted in June, including in New York state and the Philadelphia area.
S&P Global’s manufacturing output index also sunk into contraction territory, stymied by high prices, weaker demand and materials shortages. So did new orders.
Source: https://news.yahoo.com/us-durable-goods-orders-exceed-123853901.html
Durable Goods and Capital Spending - United States and the World - March 2023...
Blog – Durable Goods and Capital Spending Outlook – United States and the World – March 2023
Durable Goods Summary:
New orders for durable goods fell in February on transportation equipment, the Commerce Department reported today.
Orders slid 1 percent to $268.4 billion last month, according to a monthly report. It was the third decline in the past four months and followed a revised fall of 5 percent in January.
Excluding transportation, orders were almost unchanged. Excluding defense, new orders decreased 0.5 percent.
The transportation category fell 2.8 percent to $89.4 billion, also the third decline in the past four months.
Within transportation, orders for commercial aircraft and parts slipped 6.6 percent to $11.2 billion. Demand for commercial air travel has rebounded from COVID-19 lows. Still, aircraft maker Boeing Co. continues to confront manufacturing issues.
Orders for defense aircraft and parts declined 11 percent to $5.4 billion.
Source - https://www.sme.org/technologies/articles/2023/march/durable-goods-orders-decline-on-transportation/
Capital spending outlook for 2023 - https://mishtalk.com/economics/durable-goods-new-orders-decline-for-the-second-time-in-three-months
Green spending top one trillion dollars in 2022 - https://www.corporateknights.com/category-finance/global-clean-energy-investing-tops-us1-trillion-for-first-time-ever/
Boosting productivity through digital adoption - https://www.forbes.com/sites/joemckendrick/2023/02/27/digital-technology-may-give--productivity-the-boost-it-needs/?sh=3e6da444fefe
Input costs continue to see wild swings - https://www.tradealgo.com/news/march-saw-u-s-economic-growth-accelerate-to-a-10-month-high
ESG and Sustainability adoption will continue drive key investments with both human capital and business capital as part of getting to net zero - https://www.phillipinvest.com.my/how-will-esg-and-energy-transition-evolve-on-the-path-towards-net-zero/
Agriculture and green adoption - https://green.org/2023/03/24/agricultural-tech-adoption-under-climate-change/
Green construction - https://www.marketwatch.com/press-release/green-technology-in-construction-market-share-by-2031-2023-03-24
Manufacturing - Canada - May 2022 and April 2022.pptx
Summary:
Following seven consecutive monthly increases, manufacturing sales fell 2.0% to $71.6 billion in May, on lower sales in 11 of 21 industries. The decline was primarily driven by the motor vehicle (-31.9%), primary metal (-4.1%), and miscellaneous manufacturing (-10.8%) industries. Meanwhile, sales of petroleum and coal products (+5.4%) and machinery (+3.3%) increased the most.
Sales in constant dollars decreased 3.9% in May, indicating that lower volumes were responsible for the decline in sales on a current dollars basis, while the Industrial Product Price Index rose 1.7% in May.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220714/dq220714a-eng.htm
Manufacturing Sector - Canada - June 2022.pptx
Blog – What is next for Manufacturing in Canada – July 2022
Summary:
Following a 1.1% decline in May, manufacturing sales fell 0.8% to $71.8 billion in June, on lower sales in 8 of 21 industries, led by the petroleum and coal product (-7.8%), wood product (-7.2%) and aerospace product and parts (-16.8%) industries. Meanwhile, sales of motor vehicles (+13.8%) and chemical products (+6.0%) increased the most.
On a quarterly basis, sales rose 5.8% in the second quarter, the eighth consecutive quarterly gain and the third largest gain in dollars on record. The petroleum and coal industry (+21.9%) contributed the most to the increase, while the wood product industry (-6.3%) posted the largest quarterly decline.
Sales in constant dollars edged up 0.1% in June, while the Industrial Product Price Index declined 1.1% in that month. On a quarterly basis, constant dollars sales increased 1.3% in the second quarter.
Source – https://www150.statcan.gc.ca/n1/daily-quotidien/220815/dq220815a-eng.htm
Canada GDP Analysis and Commentary - March 2023.pptx
Blog – GDP Analysis and Commentary – Canada – March 2023
Real gross domestic product (GDP) was essentially unchanged in March, following a 0.1% increase in February. Service-producing industries (+0.0%) were flat, whereas goods-producing industries (-0.1%) edged down. Overall, 12 of 20 industrial sectors posted increases in March.
Public sector continues upward momentum
The public sector (educational services, health care and social assistance, and public administration combined) continued its upward momentum, increasing 0.3% in March and rising continuously since February 2022.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/230531/dq230531b-eng.htm
Additional sources and links
GDP / Canada - https://financialpost.com/pmn/business-pmn/canadas-q1-gdp-outperforms-with-3-1-growth-april-seen-up-0-2
Government spending - https://www.bloomberg.com/news/articles/2023-05-31/canada-economy-grows-3-1-in-first-quarter-beating-expectations#xj4y7vzkg
Oil Production - https://www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-05-30/
LNG Production - https://www.bnnbloomberg.ca/european-gas-slips-as-sluggish-chinese-data-damps-lng-demand-1.1926881
Food costs and security - https://ca.sports.yahoo.com/news/under-pressure-government-looks-food-191700923.html
Tech Trends - https://www.europeanbusinessreview.com/tech-business-trends-to-watch-in-2023/
ESG - https://environment-analyst.com/global/109439/from-compliance-to-value-creation-preparing-for-esg-disclosure-rules
Advertising - https://www.adweek.com/agencies/global-ad-spend-on-the-rise-but-digital-growth-is-slowing/
Global Inflation - https://www.euromonitor.com/article/global-inflation-tracker-q2-2023-inflation-trends-down-but-labour-markets-pressure-services-prices
Lithium - https://www.bnnbloomberg.ca/chile-sees-lithium-swinging-into-surplus-as-new-supply-arrives-1.1926597
Productivity - https://energynow.ca/2023/05/philip-cross-canadas-worst-decade-for-real-economic-growth-since-the-1930s-learn-why-here/
Manufacturing - https://www.bnnbloomberg.ca/canadian-economic-growth-tops-forecasts-boosting-rate-hike-odds-1.1927014
Manufacturing - USA - February 2023 and March 2023.pptx
Blog – United States Manufacturing Sector Analysis and Commentary – March 2023
Summary:
U.S. manufacturing-sector orders fell again in February, driven again by a decline in transportation equipment and manufactured durable goods orders, albeit at a slower pace than in January.
New orders for manufactured goods fell 0.7% in February on month to $536.4 billion, compared with a revised 2.1% fall in January, data from the Commerce Department showed Tuesday.
The reading is a touch weaker than the 0.6% decrease expected by economists in a poll by The Wall Street Journal.
The fall was driven by a 2.8% drop in orders for transportation equipment, the data showed. Nondefense aircraft and parts orders once again dropped, by 6.6% in February, after a 56.3% dip in January, although the figures came after a hefty rise at the end of 2022. Even excluding transportation, total orders still fell 0.3%, a swing from a 0.8% rise in January.
New orders for manufactured durable goods--those meant to last at least three years--fell 1.0% in February, in line with preliminary estimate and after a 5.0% increase in December. New orders for manufactured nondurable goods tumbled 0.4%.
Surveys to manufacturers suggest that despite recent moderation of the fall in orders, the pace of declines could accelerate again.
ISM purchasing managers index showed Monday that new orders at U.S. manufacturers contracted again in March, reaching its lowest level since May 2020.
Source - https://www.marketscreener.com/news/latest/U-S-Factory-Orders-Fell-Again-in-February-Though-at-Slower-Pace--43426768/
PMI has fallen below 50 - https://www.prnewswire.com/news-releases/manufacturing-pmi-at-46-3-march-2023-manufacturing-ism-report-on-business-301787309.html
United States factory orders decline in February 2023 - https://www.marketscreener.com/news/latest/U-S-Factory-Orders-Fell-Again-in-February-Though-at-Slower-Pace--43426768/
Nearshoring to Mexico continues to pick up steam. https://www.reuters.com/world/americas/nearshoring-bets-boost-mexican-real-estate-transport-shares-2023-04-04/
Producer price index decline in February 2023 - https://www.reuters.com/markets/us/us-producer-prices-unexpectedly-fall-february-2023-03-15/
United States continues to look at better ways to manage supply chains like critical metals - https://www.barrons.com/amp/articles/niocorp-achieves-processing-breakthrough-in-demonstration-plant-testing-of-niobium-and-titanium-production-19e70748
Broadband spending is expected to decline in 2023 - https://www.benton.org/headlines/wireless-capital-expenditures-north-america-poised-plunge-10-20-percent-2023
Market volatility continues to drive asset management decisions - https://www.usbank.com/investing/financial-perspectives/market-news/economic-news.html
Government continues to address climate change with more spending in the green and clean economy - https://www.weforum.org/agenda/2023/04/clean-energy-government-investment-spending/
Manufacturing - USA - August 2022.pptx
Summary:
The copper price jumped on Tuesday after weak US manufacturing data eased concerns that the Federal Reserve will tighten monetary policy too rapidly.
The Institute for Supply Management’s gauge of US factory activity dropped to the lowest in more than two years in September, causing the dollar to retreat.
Source - https://www.usatoday.com/story/money/business/2022/10/03/s-p-500-dow-nasdaq-uk-axes-planned-tax-cut/8167019001/ or https://www.mining.com/copper-price-jumps-after-weak-us-manufacturing-data/
Manufacturing - Canada - April 2022 and May 2022.pptx
Manufacturing sales rose 1.7% to $72.3 billion in April, mainly on higher sales in the petroleum and coal product (+3.7%), motor vehicle (+8.2%), and primary metal (+4.1%) as well as higher production of aerospace product and parts (+11.2%) industries. Meanwhile, wood product sales decreased the most (-6.0%).
Sales in constant dollars rose 0.9% in April, indicating that both prices and volume sold contributed to the gains in April. The Industrial Product Price Index rose 0.8% in April.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220614/dq220614a-eng.htm
Dawn of a new era for Small-to Medium Size Public and Private Sectors Entities
Blog – Dawn of a new Era for Small to Medium-size Businesses
Small and medium-size businesses are the backbone to the Canada’s economy. The new era will see many changes to how both the private and public sector operate as part of delivering goods and services to its consumers.
1. Connectivity and online solutions - https://ca.sports.yahoo.com/news/canadian-small-business-owners-business-130000061.html
2. Resiliency and small businesses - https://www.bnnbloomberg.ca/we-ve-been-resilient-it-hasn-t-been-easy-canadian-small-businesses-on-navigating-covid-1.1663903
3. Small business optimism - https://canadiansme.ca/canadian-small-business-owners-feeling-optimistic-about-the-future-with-bipoc-owned-businesses-further-along-on-the-path-to-recovery-scotiabank-report-finds/
4. Taxes - https://www.newswire.ca/news-releases/tax-tip-the-canada-revenue-agency-reaffirms-its-commitment-to-small-businesses-during-small-business-week-2021-883960980.html
5. ESG - https://www.investmentexecutive.com/newspaper_/news-newspaper/disclosure-reforms-draw-praise-concern/
6. Skills gap - https://www.northernontariobusiness.com/industry-news/agriculture/workforce-strategy-underway-to-address-labour-gaps-in-agriculture-4510982
7. Innovation - https://www.ept.ca/2021/10/national-organization-helps-canadian-smes-innovate/
8. Carbon tax - https://www.todayville.com/edmonton/is-federal-carbon-tax-killing-jobs-experts-say-answer-isnt-black-and-white-2/
9. Clean - https://www.canadianmanufacturing.com/features/canada-is-aiming-for-carbon-neutrality-and-that-will-mean-big-changes-to-how-we-produce-and-consume-energy/
10. Circular economy - https://www.marketwatch.com/story/a-better-way-than-recycling-these-manufacturers-are-taking-part-in-a-circular-economy-11633613962
Manufacturing Sector - Canada - July 2022.pptx
Manufacturing sales fell 0.9% to $71.6 billion in July, the third consecutive monthly decline, on lower sales in 12 of 21 industries, led by the primary metal (-9.9%), petroleum and coal product (-5.3%), and furniture and related products (-11.2%) industries. Meanwhile, sales of food (+2.5%), motor vehicle parts (+10.7%), and paper products (+8.1%) industries increased the most.
Chart 1
Manufacturing sales
Sales in constant dollars increased 0.6% in July, the second consecutive monthly increase, while the Industrial Product Price Index declined 2.1% for the month.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220914/dq220914a-eng.htm
Durable Goods and Capital Spending - United States and the World - April 2023...
Blog – Durable Goods and Capital Spending Analysis and Commentary – April 2023
Summary:
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by much more than expected in March amid a substantial rebound in orders for transportation equipment.
The report said durable goods orders spiked by 3.2 percent in March after tumbling by a revised 1.2 percent in February.
Economists had expected durable goods orders to climb by 0.8 percent compared to the 1.0 percent slump that had been reported for the previous month.
Excluding the jump in orders for transportation equipment, durable goods orders rose by 0.3 percent in March after falling by 0.3 percent in February. Ex-transportation orders were expected to dip by 0.2 percent.
Source – https://www.nasdaq.com/articles/u.s.-durable-goods-orders-surge-much-more-than-expected-in-march
Construction Sector| Canada and the World
Blog – Construction and Infrastructure – Canada and the World
Canada like many countries still has a sizable infrastructure gap.
1. Average housing price - https://www.ctvnews.ca/canada/canadian-home-prices-have-jumped-21-4-per-cent-since-last-year-survey-finds-1.5624046
2. Infrastructure - https://ucalgary.ca/news/progress-stops-when-we-create-and-dismantle-infrastructure-programs-every-federal-election
3. Climate change - https://www.preventionweb.net/publication/under-water-costs-climate-change-canadas-infrastructure
4. Infrastructure bank - https://www.bnnbloomberg.ca/infrastructure-bank-set-to-badly-miss-spending-goals-pbo-1.1596377
5. Affordability - https://betterdwelling.com/canadian-housing-affordability-is-the-worst-in-30-years-prices-to-flatten-rbc/
6. Solar panels - https://www.solarreviews.com/blog/dont-buy-solar-panels
7. Construction materials - https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
8. Raw Material index - https://tradingeconomics.com/canada/wholesale-prices
9. Funding gaps - https://www.stalberttoday.ca/local-news/bridging-the-municipal-funding-gap-series-problems-on-the-horizon-4329687
10. Infrastructure - https://www.renewcanada.net/feature/what-comes-next-for-canadian-infrastructure/
11. Economic challenges - https://www.theglobeandmail.com/politics/article-12-challenges-facing-the-next-government/
12. Climate change - https://www.hilltimes.com/2021/09/28/the-gathering-storm-building-climate-resilience-requires-innovative-financing/319968
13. gap - https://www.airdrietoday.com/beyond-local/bridging-the-municipal-funding-gap-more-expenditures-same-revenue-sources-4482425
USA| Manufacturing| January 2022 and December 2021
Summary:
New orders for U.S.-made goods fell slightly more than expected in December, but manufacturing remains supported by businesses replenishing inventories.
The Commerce Department said on Thursday that factory orders decreased 0.4% in December. Data for November was revised higher to show orders increasing 1.8% instead of 1.6% as previously reported. Economists polled by Reuters had forecast factory orders slipping 0.2%. Orders increased 16.9% in 2021.
Manufacturing, which accounts for 11.9% of the economy, is being underpinned by businesses rebuilding inventories.
Source - https://money.usnews.com/investing/news/articles/2022-02-03/u-s-factory-orders-fall-in-december-shipments-rise-further
1. USA Manufacturing – https://www.yakimaherald.com/reshoring-manufacturing-might-be-washingtons-future/article_453dc45d-b050-58a8-9bf9-27a7d6a0c516.html
2. Manufacturing optimization - https://www.energy.gov/eere/amo/articles/department-energy-awards-28-million-10-projects-will-develop-emerging
3. AI and manufacturing - https://research.aimultiple.com/manufacturing-ai/
4. Robotics - https://austincountynewsonline.com/a-record-number-of-robots-joined-american-workforce-in-2021-amid-covid-labor-crunch/
5. Shortages - https://shopmetaltech.com/industry-update/u-s-manufacturing-grew-in-january-but-remains-plagued-by-bottlenecks.html
6. Food Production - https://manufacturingglobal.com/ai-and-automation/expect-to-see-these-food-manufacturing-trends-in-2022
7. Semiconductors - https://rollcall.com/2022/02/04/cost-to-rebuild-u-s-semiconductor-manufacturing-will-keep-growing/
8. PMI - https://www.investing.com/economic-calendar/manufacturing-pmi-829
9. Future of manufacturing - https://seekingalpha.com/article/4484370-future-of-manufacturing
10. Automotive - https://www.tti.com/content/ttiinc/en/resources/marketeye/categories/industry/me-staff-20220204.html
11. Farm - https://www.tti.com/content/ttiinc/en/resources/marketeye/categories/industry/me-staff-20220204.html
12. Automation - https://www.bmc.com/blogs/it-automation-trends/
13. Raw material - https://www.koreatimes.co.kr/www/tech/2022/02/419_21021.html?fa
USA - Manufacturing - April 2022 and May 2022.pptx
Summary:
• The May ISM manufacturing index registered 56.1, topping expectations of a 54.5 print. The index rose 0.7 percentage points from the April reading of 55.4.
• New orders rose by 1.6 percentage points to 55.1, while new export orders rose by 0.2 percentage points to 52.9.
• The backlog of orders sub-index came in at 58.7, rising 2.7 percentage points from April's 56.0 print.
• The production index increased 0.6 percentage points to 54.2 while the employment index fell 1.3 percentage points to 49.6.
• The supplier deliveries sub-index fell to 65.7 from 67.2 in April. The sub-index continues to reflect difficulties in improving delivery rates due to production issues related to the pandemic.
• 15 of 18 manufacturing industries reported growth in May. Growth was led by Apparel, Leather & Allied Products; printing & Related Support Activities; Machinery; Nonmetallic Mineral Products; Computer Electronic Products; and Food, Beverage & Tobacco Products.
Source - https://economics.td.com/us-ism-manufacturing-index
What is up with the Stock Market for WE - May 12 2023.pptx
Blog – Stock Market Analysis and Commentary for the WE May 12, 2023
Summary:
U.S. stocks closed lower on Thursday dragged down by Disney as the company reported a sharp decline in subscribers, while concerns around regional banks once again grew, denting investors’ confidence. The S&P 500 and Dow ended in negative territory but the Nasdaq closed in the green.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.7% or 221.82 points to finish at 33,309.51 points.
The S&P 500 declined 0.2% or 7.02 points to end at 4,130.82 points. Energy, utilities and materials stocks were the worst performers.
]The Energy Select Sector SPDR (XLE) and Utilities Select Sector SPDR (XLU) declined 1.2% and 1%, respectively. The Real Estate Select Sector SPDR (XLRE) and Materials Select Sector SPDR (XLB) also lost 1% each. Eight of the 11 sectors of the benchmark index ended in negative territory.
The tech-heavy Nasdaq rose 0.2% or 22.06 points to close at 12,328.50 points.
The fear-gauge CBOE Volatility Index (VIX) was down 0.06% to 16.93. Decliners outnumbered advancers on the NYSE by a 2.27-to-1 ratio. On Nasdaq, a 1.67-to-1 ratio favored declining issues. A total of 10.05 billion shares were traded on Thursday, lower than the last 20-session average of 10.69 billion.
Source: https://ca.finance.yahoo.com/news/stock-market-news-may-12-133001363.html
How to fix the Governance model for Government (Public Sector).pptx
Summary:
I have written many presentations and blogs over the years on transforming the public sector. The public sector needs to reform its model including stronger crisis and risk management planning and analysis, creating new a compliance group that ensures all oversight agencies are free from partisan policies, governments need to learn to live within its means, all program spending should undertake a program review, taxation focus should be on tax fairness, policies should address issues like wage reform or pension reform or other reforms.
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Global Housing Market Analysis and Commentary- September 2023.pptx
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
What is next for the Mining Sector.pptx
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Manufacturing Sector – United States – August 2023.pptx
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptx
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptx
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
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Here is my look at the retail sector for the United States
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What is next for Agriculture Sector - August 2023.pptx
Here is my look at the agricultural and farming sectors
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Stock Market Analysis and Commentary for WE September 9 2023.pptx
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global Automotive - Analysis and Commentary - August 2023.pptx
Here is my look at the automotive sector for August 2023
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
World Merchandise Trade – September 2023.pptx
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
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6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
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.
what is the future of Pi Network currency.
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to swap pi coins to foreign currency withdrawable.
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.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
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
how to sell pi coins effectively (from 50 - 100k pi)
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.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
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
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
UOL毕业证原版定制【微信：176555708】【利物浦大学毕业证成绩单-学位证】【微信：176555708】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
◆◆◆◆◆ — — — — — — — — 【留学教育】留学归国服务中心 — — — — — -◆◆◆◆◆
【主营项目】
一.毕业证【微信：176555708】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【微信：176555708】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
学历顾问：微信：176555708
how to sell pi coins on Bitmart crypto exchange
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
The European Unemployment Puzzle: implications from population aging
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins on Binance exchange
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
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Manufacturing Sector – Canada – September 2023.pptx
- 1. Manufacturing Sector – Canada – September 2023 Senior Customer Success Manager (Data and AI), Business and Data Strategist Paul Young CPA CGA September 15, 2023
- 2. Senior Customer Success Manager – Data and AI • CPA, CGA • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – ESG and Sustainability Policy Development and Reporting • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: Paul_Young_CGA@outlook.com LinkedIn: https://www.linkedin.com/in/paul-young-055632b/ SlideShare - https://www.slideshare.net/paulyoungcga
- 3. Agenda • Canada Manufacturing Sales Analysis • Canada PMI Index • Producer Price Index • Raw Materials Price Index • Manufacturing / Subsidies • ESG • Demand Planning and Forecasting • Analysis / Planning Analytics Workspace 3
- 4. Canada Manufacturing Sales 4 Source – Stats Canada
- 5. Canada Manufacturing Sales 5 Source – Stats Canada
- 6. Canada Manufacturing Sales 6 Source – Stats Canada
- 7. Canada Manufacturing Sales 7 Source – Stats Canada
- 8. Canada Manufacturing Sales 8 Source – Stats Canada
- 10. Commodities 10
- 11. Produce Price Index / June 2023 11
- 12. Raw Materials Price Index 12
- 13. Manufacturing / Subsidies 13 Blog - Manufacturing Growth Is Strong. So Why Are We Subsidizing It - https://www.linkedin.com/posts/paul-young- 055632b_manufacturing-growth-is-strong-so-why-are-activity-7085584870583779331- DZOF?utm_source=share&utm_medium=member_desktop “In 2020, the US generated 2.4 times more value-added in manufacturing than China.” A loss of manufacturing jobs and a declining share of manufacturing in affluent western economies, both real and painful, have etched a deep impression in public perception that manufacturing in the West is in trouble. For some politicians, protecting domestic manufacturing has become a rallying cry. It is a rare issue where President Biden and former President Trump seem to align. Enthusiastic advocates are calling for new subsidies, tax breaks, tariffs, regulations, and other measures. Before jumping into action, however, it would be good to examine exactly how dire the situation is.
- 14. ESG and the Professional Accountant 14 Blog – The role of Professional Accountant with ESG adoption - https://www.linkedin.com/posts/paul-young-055632b_4-aicpa- cima-leaders-discuss-global-sustainability-activity-7085472012382474240- hNFX?utm_source=share&utm_medium=member_desktop https://www.fm-magazine.com/news/2023/jul/4-aicpa-cima-leaders-discuss-global-sustainability-standards.html “"Companies are an integral part of society, and their ability to generate cash over the short, medium, and long term is inextricably linked to their access to resources and relationships throughout their value chain," he said. "Finance professionals will need to account for how these resources and relationships are being managed. "Companies must make connections between their sustainability-related financial disclosures and their financial performance. The CFO and his or her team will be at the forefront of forging these connections." I will also add it is not just companies but also the public sector that will also need to adopt ESG policies and reporting. There are few challenges with implementing ESG, and it starts with policy development and data management. Establishing the key metrics and how often those metrics are updated will be part of the overall data management architecture for ESG reporting and compliance.
- 15. Demand Planning and Forecasting 15
- 18. What is next for Canadian Manufacturing • The manufacturing sector in Canada will continue to face many challenges. 18 Blog – Analysis and Commentary – Manufacturing – Canada – July 2023 Summary: Prior was -1.7% (revised to -2.0%) Inventories -0.7% Inventory to sales 1.74 vs 1.70 prior Unfilled orders -1.0% Capacity utilization 77.6% vs 80.8% prior Canadian manufacturing sales increased 1.6% to $71.9 billion in July, led primarily by higher sales of food products (+3.1%), petroleum and coal products (+4.6%) and transportation equipment (+2.4%). Meanwhile, sales of paper (-4.6%) and plastics and rubber (-3.4%) products decreased the most. The numbers point to a slowdown. Source – https://www.forexlive.com/news/canada-july-manufacturing-sales-16-vs-07-expected- 20230915/ Other sources and links: Algoma - https://www.theglobeandmail.com/investing/markets/stocks/ASTL- Q/pressreleases/20212887/algoma-steel-issues-inaugural-annual-esg-report/ Risks - https://reciprocity.com/blog/top-10-risks-faced-by-the-manufacturing-industry/ Forestry - https://globalnews.ca/news/9962398/new-facility-canfor-houston-bc/ Mining - https://news.gov.bc.ca/factsheets/new-government-actions-will-help-bcs-mining-sector-thrive GDP - https://thoughtleadership.rbc.com/canadas-economic-engine-is-gearing-down/ Steel Production - https://www.steelorbis.com/steel-news/latest-news/us-raw-steel-production-down- 05-percent-week-on-week-1305684.htm or Food costs - https://www.linkedin.com/pulse/challenges-addressing-high-food-costs-all-levels- government-young Steel Production.pdf Top Rkisks and Manufacturing.pdf Canada July manufacturing sales +1.6% vs +0.7% expected.pdf canfor and houston mill.pdf mining.pdf RBC and GDP.pdf