Circumnetting the Mixed Manufacturing Picture, Including Measured Optimism

By December 31, 2010Economy, General, Health Care, Trade

MarketWatch, “Chicago manufacturing gauge leaps in December“: “WASHINGTON (MarketWatch) — A barometer of manufacturing conditions in the Chicago region jumped in December to its best level in more than 22 years. The Chicago PMI rose to 68.6 in December from 62.5 in November, marking the 15th straight month that the gauge was over the 50 level indicating economic expansion and well above the 61 reading that economists polled by MarketWatch expected for December.”

Manufacturers’ News, Inc., news release, “Manufacturers’ News Releases National Report on Manufacturing“: “EVANSTON, Ill., Dec. 29, 2010 /PRNewswire/ — Manufacturers’ News, Inc., publisher of industrial directories for all fifty states, has compiled a national analysis of U.S. manufacturing based on the company’s state-by-state reports released in calendar year 2010. According to Manufacturers’ News, industrial employment in the United States declined 3.3% and the number of U.S. manufacturers fell 4.1% when comparing the data collected by the most recent editions of MNI’s directories to each state’s previous edition. The full analysis can be seen here. ”

See also Crain’s Detroit Business, “Michigan industrial employment numbers drop despite improved demand.” Also, Houston Business Journal, “Houston ranks as No. 1 manufacturing city in U.S.” and Puget Sound Business Journal, “Seattle moves up 12 spots on manufacturing list.”

Phoenix Business Journal, “Small manufacturers have positive outlook“: “What do medical devices, clothing and high-tech netting that can stop grenades have in common? They all are manufactured in Arizona, and their makers are finding success through the creation and development of niche products.”

Pittsburg Post-Gazette, “Things are looking up: Manufacturers remain optimistic as the economy begins to recover,” using as a news peg an interview with Frontier Steel president John Matig, whose company has withstood some tough times. “Half of the senior manufacturing executives surveyed by Grant Thornton said the U.S. economy would improve over the next six months, and 81 percent were very or somewhat optimistic about their prospects. ‘The manufacturing recovery is widespread and progressing at a moderate rate,’ said Daniel J. Meckstroth, chief economist for the Manufacturers Alliance/MAPI.”

New Brunswick Business Journal (Canada), “Recovery depends on manufacturing, exports“: “A sustained economic recovery for Canada depends largely on a strong, continued rebound of the country’s manufacturing production and strong international export markets, according to the latest outlook from the Canadian Manufacturers and Exporters. ‘We’ve had a pretty strong economic rebound over the last year, but that was pretty much on borrowed money,’ said Jayson Myers, the CEO of the Canadian Manufacturers and Exporters, in reference to high consumer and government debt loads.”

The Daily Caller, “Business Roundtable to scrutinize Obamacare for problems, new president says“: “The incoming president of The Business Roundtable, which was once President Obama’s strongest ally in the private sector, said Monday that much of the group’s work on health care over the next two years will be looking for how Obama’s health care overhaul might ‘threaten’ the ability of employers to continue providing insurance. ‘The health care reform bill that passed, there’s mounting evidence that it doesn’t deal with the cost of health care,’ said John Engler, who will take the reins of the 170-member BRT in mid-January…”

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