MAPI Economic Roundtable

MAPI — Manufacturers Alliance News and Reports — Hurricane Impact on Economic Outlook and More

Published On October 5, 2017 | By Eric Armstrong | Market Reports
A round-up of the MAPI resources available to NFPA members through NFPA’s membership in MAPI. 

MAPI

Issues in the Brief

The GDPR is Coming, What Does It Mean for My Organization?
Over the past few years, we have witnessed significant changes in the regulatory landscape for manufacturers doing business in Europe. One of the biggest changes concerns the implementation of the General Data Protection Regulation (GDPR), which will come into effect on May 25, 2018.

Celebration and Confusion at the Fed
For all the criticism and threats to its independence that the Federal Reserve has endured in recent years, this is one Washington institution that has earned the right to celebrate. History will show that the U.S. central bank played the largest role in the effort to rescue the U.S. and indeed the global economy from a near disaster.

Manufacturers Respond to Catastrophic Hurricanes
While the U.S. has seen two major hurricanes in the last two weeks, we are just halfway through hurricane season. The extent of the impact of Hurricane Harvey, a thousand-year event, and Hurricane Irma is still to be determined, and Hurricane Jose remains a threat in the Atlantic.

The Impact of Hurricane Harvey on the U.S. Manufacturing Outlook
By now, the staggering physical impact of Hurricane Harvey, with its overwhelming 52 inches of rain, is well known. There are 58 counties in Texas alone that have been declared disaster areas and are thus eligible for federal disaster assistance.

Creating and Capturing Value with the Internet of Things (IoT): Commercializing New Products
As the Internet of Things (IoT) creates a world of connected devices, it also opens up possibilities to reframe established business models to deliver more customer value and more profitability. This offers companies disruptive opportunities.

 

Economic Update

Machinery and Computers Lead the Way to Stronger U.S. Manufacturing
Today’s global uncertainties can quickly present head- or tail-winds to future U.S. growth. In addition to our quarterly scenario for U.S. manufacturing growth, the June 2017 report also explores the boundaries of plausible factory sector growth through 2020.

Growing Upside Potential for U.S. Manufacturing Growth
The global economy continues its slow but persistent march to improved health.  All told, the MAPI Foundation’s forecast remains almost completely unchanged from our June or February 2017 reports. Between 2017 and 2020, we expect annual U.S. GDP growth to be an average 2.2% across the four-year period.

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About The Author

oversees NFPA’s fluid power economic and statistical programs. He blogs on the Market Outlook about what he learns from NFPA’s surveys and reports as well as fluid power industry economists.

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