The following are selected comments from the May Manufacturing Survey: “Low oil prices is a major problem.” “PPP funds have allowed us to keep head count at current levels even though incoming work has dropped to minimal levels.”
US corporate earnings indicator, based on @IHSMarkitPMI data, has fallen to a level even lower than during the global financial crisis reflecting falling demand, falling selling prices and reduced output in manufacturing and services #EPS #PMI
Coronavirus lockdowns sent oil prices into free fall, but Chinese manufacturing data hints at brighter prospects
Small things aggregated at the larger level can give us solutions to country's export competitiveness and also give us ways to expand domestic manufacturing to meet the needs of aspirational India at competitive prices.
Now that Ken Frazier of Merck Pharma has resigned from President's Manufacturing Council,he will have more time to LOWER RIPOFF DRUG PRICES!
OK, that's not good. ISM manufacturing index. Important contrast with 2015-16 slump, which was due to nonpolicy factors (mainly slump in oil prices and hence energy investment). This is all about Trump's trade war
Giant companies may hate my Affordable Drug Manufacturing bill - but I don’t work for them. The American people deserve competitive markets and fair prices. By fixing the broken generic drug market, we can bring the cost of prescriptions down.
Trump's trade wars are threatening to push the economy into a recession. His feud with China is driving up the prices of consumer goods and increasing the cost of inputs for the manufacturing sector. It's a dangerous combination.