Tag Archives: Export
Looking at the June manufacturing data, it looks like there is a mixed performance in June. In the UK, they are reporting that UK manufacturing is growing at the slowest pace in two years. The Guardian reports that concerns deepen over their economic recovery as manufacturing PMI figures show bigger drop than expected.
The Guardian also reports that China manufacturing was weaker than expected.
Here in the US, the June ISM report shows that the Purchasing Managers Index registered 55.3 percent, an increase of 1.8 percentage points from May, indicating expansion in the manufacturing sector for the 23rd consecutive month. …
This article from the UK’s Guardian says that manufacturing output dropped at its fastest pace for more than two years in April, raising fears that Britain’s fragile economic recovery is petering out.
Analysts had expected to see a slowdown during the month, due to the royal wedding bank holiday and the knock-on effects of industrial shut-downs in Japan, and the Office for National Statistics highlighted these factors. But the 1.5% decline in manufacturing output over the month was much worse than City forecasts.
The Alliance for Illinois manufacturing has issued this invitation to learn more about exporting:
“Illinois ranks as the 6th largest exporting state in the US and #1 in the Midwest. In 2010, Illinois exports totaled more than $49.77 billion. In the first quarter of 2011, Illinois has exported more than $14.74 billion worth of non agriculture goods – an increase of 30.43% compared to the same period in 2010. Today, approximately 539,300 Illinois jobs are supported by exports and that number is rapidly increasing.
With the apparent slowdown in the US Midwest manufacturing , I see more signs that manufacturing could be headed for a slowdown. Looking at reports released today, the news on the UK economy just gets worse and worse. Wednesday’s dismal snapshot of manufacturing removes one of the last remaining reasons to be modestly upbeat about Britain’s recovery prospects. Talk about manufacturing gloom
The UK’s top Economists are getting gloomy too; here is an excerpt from the Guardian:
After earlier reports of concern for slowdown in the UK manufacturing sector, the Guardian reports that manufacturing data brighter after recent slowdown
Domestic demand increased and exports grew, although at a slower pace.
As reported in the British Broadcasting Corporation (BBC) web site, manufacturing