Manufacturing production fell 0.1 percent in December, ending the year on a soft note. Output grew just 0.8 percent in 2015, highlighting the challenges faced in the sector by the global slowdown and reduced commodity prices. Manufacturers anticipate a continuation of many of these headwinds in 2016 as global growth remains quite volatile.
As manufacturers continue to confront headwinds in the economy, there are policy measures Washington can take to help get the economy–and manufacturers–growing faster and producing more. Among those policy measures are comprehensive tax reform, robust regulatory reform and the ability to trade with new markets.
Latest posts by Chad Moutray (see all)
- Markit: Eurozone Manufacturing Activity at an All-Time High in Survey’s 20-Year History - December 14, 2017
- Retail Spending Grew Robustly in November - December 14, 2017
- FOMC Voted to Hike Rates at its December Meeting, as Expected - December 13, 2017