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Intelligence
By Jonathan NguyenNov 13, 2020

Foreign Trade Report – August 2020

U.S. machine tool exports valued $118.41 million in August, up 25.8% from July’s total of $94.12 million. Exports for year-to-date 2020 totaled $917.75 million, a decrease of 28.0% when compared to the same period for 2019. Monthly machine tool imports...

1m read
Intelligence
By External ContributorNov 12, 2020

Weekly Economic Index

The increase in the WEI for the week of October 31 was due to a decrease in initial unemployment insurance claims and increases in tax withholding and rail traffic (relative to the same time last year), which more than offset decreases in electricity...

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Intelligence
By Christopher DownsNov 09, 2020

Recap: Gloomy Forecasts With Pockets of Opportunity at MTForecast 2020

Last month, manufacturing executives from around the country attended the virtual MTForecast conference which brought together nationally recognized economists and industry analysts – as well as machine tool forecasts and industry outlooks for...

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Intelligence
By External ContributorOct 08, 2020

Manufacturing Is Critical to Economic Rebound

The U.S. manufacturing sector has established itself as the backbone of economic stability and renewal amid times of crisis or downturn. It is important that candidates in this election, regardless of political affiliation, understand that a strong...

3m read
Intelligence
By External ContributorSep 01, 2020

US Manufacturing Sustains Growth as Optimism Returns

Manufacturing and the overall economy continued to grow in August, according to the Institute for Supply Management’s August report on business. Their purchasing manager’s index for manufacturers grew to 56.0% in August, an increase of 1.8 points from...

2m read
Intelligence
By External ContributorAug 05, 2020

U.S. manufacturing activity near 1-1/2-year high, factory job losses persist

U.S. manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence in new COVID-19 infections, which is raising fears about the sustainability of a budding economic recovery...

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Intelligence
By Patrick McGibbonAug 03, 2020

USMCA Launches

July 1 saw the implementation of the new NAFTA, NAFTA 2.0, or as our government calls it, the United States-Mexico-Canada Agreement (USMCA). Ambassador Robert Lighthizer, the U.S. Trade Representative, called the implementation of the USMCA...

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