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2015 Manufacturing Outlook: Q&A With Cliff Waldman

December 17, 2014 4:18 pm | Articles | Comments

What will be the biggest trends manufacturing trends for 2015? Manufacturing.net sat down with Cliff Waldman, Director of Economic Studies from the Manufacturers Alliance for Productivity and Innovation Foundation to discuss the U.S. economy, manufacturing technologies, and...

NY Will Move To Prohibit Fracking

December 17, 2014 4:02 pm | by Mary Esch, The Associated Press | News | Comments

Gov. Andrew Cuomo's administration will move to prevent fracking in the state, citing unresolved...

Apple Stops Sales In Russia

December 17, 2014 3:56 pm | by The Associated Press | News | Comments

Apple has halted online sales of its iPhones, iPads and other products in Russia amid financial...

Fed Pondering Change In Rate Hike Signals

December 17, 2014 11:48 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy is finally doing better, and the Federal Reserve may be ready to acknowledge...

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Daily news and top headlines for manufacturing professionals

U.S. Current Account Deficit Rises To $100.3B

December 17, 2014 11:23 am | by Josh Boak, AP Economics Writer | News | Comments

The U.S. current account trade deficit widened slightly in the July-September quarter, largely due to foreign institutions paying less in fines and penalties to the U.S. government. The Commerce Department said Wednesday that the deficit in the current account rose to $100.3 billion in the third...

Russia's Sinking Economy Becoming A Global Threat

December 17, 2014 11:08 am | by Josh Boak, AP Economics Writer | News | Comments

Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia's shriveled currency, its move to dramatically boost interest rates, the...

U.S. Consumer Prices Fell 0.3% In November

December 17, 2014 10:24 am | by Josh Boak, AP Economics Writer | News | Comments

Plunging gasoline costs pulled U.S. consumer prices lower in November, muting inflation across the entire economy. The Labor Department said Wednesday the inflation reading fell a seasonally-adjusted 0.3 percent last month, after prices were flat in October. Gas costs plummeted 10.5 percent in...

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OPEC Net Oil Export Revenues Expected To Fall

December 17, 2014 9:26 am | by U.S. Energy Information Administration‎ | News | Comments

Based on crude oil market assessments in the Short-Term Energy Outlook, EIA estimates that members of the Organization of the Petroleum Exporting Countries (OPEC), excluding Iran, will earn about $700 billion in revenue from net oil exports in 2014, a 14% decrease from 2013 earnings and the lowest earnings...

U.S., European Industries Urge Stronger Trade, Investment Ties With India

December 16, 2014 2:37 pm | by Jamie Hennigan, National Association of Manufacturers | News | Comments

Washington, D.C., December 16, 2014 – On behalf of businesses across Europe and in all 50 U.S. states, the heads of the National Association of Manufacturers (NAM) and more than a dozen other organizations today sent a joint letter to Indian Commerce and Industry Minister Nirmala Sitharaman urging action on...

ASQ Survey: Manufacturers' Outlook Positive For 2015, Anticipate Continued Revenue Growth

December 16, 2014 1:51 pm | by ASQ | Articles | Comments

Manufacturers are increasingly positive as 2014 comes to a close, with 83 percent expecting revenue growth next year, up from 64 percent of manufacturers who anticipated growth in 2014, according to results of the ASQ 2015 Manufacturing Outlook Survey. And their positivity is well earned...

U.S. Reshoring: Real Shift In Production Or Just A Fantasy Future?

December 16, 2014 1:36 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

With all the news and stories about U.S. manufacturing in the midst of a reshoring drive, a new report looks at the real numbers behind the push to bring production back to our shores. Yesterday, A.T. Kearney released its 2014 Reshoring Index, which looks at the rate and pace of the return of manufacturing operations...

Manufacturers’ Center For Legal Action Files Brief In Microsoft E-Mail Warrant Case

December 16, 2014 10:56 am | by Jamie Hennigan and Mallory Micetich, National Association of Manufacturers | News | Comments

Today, the Manufacturers’ Center for Legal Action filed an amicus brief in the 2nd Circuit Court of Appeals arguing to overturn a U.S. district judge’s ruling that the government can use a search warrant issued under the Stored Communications Act to gain access to e-mail accounts controlled and maintained by...

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MAPI Latin America Manufacturing Outlook: Mexico the Leader

December 16, 2014 9:42 am | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Mexican factories continue to remain the manufacturing growth leader in Latin America as Brazil and Argentina face declines that sour the outlook in the region, according to a report from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and...

Fed Likely To Note Gains But Signal No Rate Hike

December 15, 2014 1:35 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

A resurgent U.S. economy has emerged from a long struggle with high unemployment and weak growth. And the Federal Reserve seems poised to recognize the sustained improvement.In a statement it will issue after a policy meeting ends Wednesday, the Fed may no longer say it plans to keep a key interest...

Why Oil Is Down By Half, What It Means For You

December 15, 2014 1:24 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing. The price of a barrel of oil is just under $58, down from a summer high of $107, and lower than at...

Volatility Index Underscores Need For Supply Chain Risk Management

December 15, 2014 12:14 pm | by Stephane Crosnier, Managing Director, Accenture Strategy--Operations | Articles | Comments

VIX, the index used by The Chicago Board Options Exchange to calculate anticipated market volatility, recently dipped after hitting a nearly three-year high in the fall. Given recent news headlines, the triggers that prompted the index spike are relatively easy to imagine – war in the Middle East, the European...

Oil Plunges Again, Reaches Recession-Level Depths

December 15, 2014 12:03 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

Another forecast of weak global demand, another nosedive for oil. A 6-month rout in the price of oil accelerated this week, culminating in a 4 percent drop Friday — its third such drop in 5 days — to its lowest level since May of 2009, when the U.S. was still in recession. Friday's trigger was a lowered....

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14 Cities Get Bloomberg 'Innovation Team' Grants

December 15, 2014 10:33 am | by Jennifer Peltz, The Associated Press | News | Comments

Fourteen cities ranging from Long Beach, California, to Jerusalem are getting up to $3 million from former New York City Mayor Michael Bloomberg's foundation to create "innovation teams" to jump-start new approaches to poverty, public safety, job growth and other issues, the foundation announced...

Six Key Predictions For Manufacturing In 2015

December 15, 2014 10:02 am | by John Zegers, Director, Georgia Center of Innovation for Manufacturing | Articles | Comments

The face of manufacturing in America has undergone more woeful changes than many of us in the industry care to remember. The recent past has been particularly painful, with economic downturns driving manufacturing overseas to take advantage of lower labor costs, and a generally depressed level of manufacturing...

Manufacturing In NY Contracts In December

December 15, 2014 9:57 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing activity in New York state shrank in December for the first time in nearly two years, pulled down by a drop in orders and shipments. The Federal Reserve Bank of New York said Monday that its Empire State Manufacturing index dropped to negative-3.6 in December from 10.2 the previous month. Any figure...

NAM CEO Responds To NLRB In Video

December 15, 2014 9:44 am | by Jamie Hennigan and Mallory Micetich, National Association of Manufacturers | Videos | Comments

National Association of Manufacturers (NAM) President and CEO Jay Timmons delivered the following video statement on the National Labor Relations Board’s upcoming decision to drastically change longstanding labor policy and dramatically shorten the time-frame for union elections.  "Economic growth, job...

Factory Output Eclipses Pre-Recession High

December 15, 2014 9:25 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. manufacturing output in November surpassed its pre-recession peak, as auto production kicked into a higher gear. The Federal Reserve says factory production rose 1.1 percent last month, up from a 0.4 percent improvement in October. Manufacturing output has risen 4.8 percent over the past 12...

AAM: Growing Trade Deficit With China Costs U.S. Jobs

December 12, 2014 2:43 pm | by Alliance for American Manufacturing | News | Comments

America’s surging trade deficit with China has cost more than 3.2 million U.S. jobs – the overwhelming majority of them in manufacturing – according to a study released today by the Economic Policy Institute (EPI). “I am outraged that 3.2 million U.S. jobs have been lost due to the growing trade deficit with...

Poll Reveals Americans' Stance On Limiting Carbon

December 12, 2014 1:09 pm | by Dina Cappiello, The Associated Press | News | Comments

When Republicans take control of Congress next month, top on their agenda will be undoing environmental regulations they claim will harm the economy, chief among them President Barack Obama's plans to limit heat-trapping carbon pollution from coal-fired power plants. The results of....

China's Factory Output Growth Declines

December 12, 2014 12:57 pm | by Joe McDonald, AP Business Writer | News | Comments

Growth in China's factory output declined further in November in a new sign of weakness in the world's second-largest economy. Industrial production rose by 7.2 percent over a year earlier, government data showed Friday. That was down from October's 7.7 percent growth and September's 8 percent...

Cheaper Gas, Food Lower U.S. Producer Prices

December 12, 2014 10:17 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Falling gas and food costs pushed down overall U.S. wholesale prices last month, evidence that cheaper oil worldwide is limiting inflation. The Labor Department said Friday that the producer price index fell 0.2 percent in November, after rising by the same amount in October. In the past 12 months, producer...

Holiday Shopping Boosts U.S. Retail Sales

December 12, 2014 10:06 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. retail sales perked up in November, as cheaper gas and an improving job market fueled a promising start to the holiday shopping season. Retail sales rose a seasonally-adjusted 0.7 percent, the most in eight months, the Commerce Department said Thursday. Falling gasoline prices dented gas stations receipts...

November Budget Deficit Drops To $56.8B

December 11, 2014 3:10 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The federal government's deficit for the first two months of the new budget year is down 21 percent from the same period a year ago, although much of that improvement stems from quirks in the calendar. The Treasury Department said Wednesday the deficit for November totaled $56.8 billion, a drop of...

Airline Stocks Rise As Oil Price Lift Outlook

December 11, 2014 1:05 pm | by The Associated Press | News | Comments

Shares of major U.S. airlines rose Thursday amid more signs that cheaper fuel will turn into a windfall for the carriers. Delta Air Lines Inc. said that its pretax income will jump to more than $5 billion in 2015, up from an estimated $4.5 billion this year and nearly double the 2013 gain. At current fuel...

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