Frustration with Washington continues to hang like a cloud over manufacturers; however, U.S. manufacturers are overwhelmingly optimistic about the outlook for their businesses, according to the 3Q 2014 NAM/IndustryWeek Survey of Manufacturers.
After the recession, manufacturers put increased scrutiny on improving productivity and slashing inventory costs. National distributor MSC Industrial Supply says it is on a mission to help them do both....More
The House of Representatives passed a continuing resolution (H.J.Res. 124) September 17 that would keep the Export-Import Bank on life support through June 30, 2015. It’s the kind of tepid action which pleases no one on either side of this contentious issue....More
Industry officials said contracts on the international board will be denominated in China's yuan, but overseas investors will be able to settle with offshore yuan funds as the government seeks to make the currency more widely used....More
The Foreign Direct Investment Confidence Index, established in 1998 by ATKearney ranks countries based on how changes in their political, economic, and regulatory systems are likely to affect foreign direct investment inflows in the coming years.
Manufacturing production will grow 3.4% in 2014, outstripping the broader U.S. economy, and will pick up the pace in 2015, according to the latest quarterly outlook report from the MAPI Foundation....More
The 112.1% year-on-year increase in ODI announced by the commerce ministry was a dramatic contrast to the 14% fall in FDI, which sank to $7.20 billion. Both sets of figures exclude investment in financial sectors....More
Kennametal's Carlos Cardoso climbed the industrial ladder all the way from 'shop rat' to CEO. As he prepares for retirement, he remains hopeful that manufacturing can offer the next generation the same opportunities it offered him....More