Economic Market Update

Expectations for the U.S. and Global Economy Improve for 2017

Optimism about the U.S. economic outlook that increased at the end of 2016, strengthened even further in the first quarter of 2017. U.S. consumer confidence rose sharply in the first quarter and data from the ISM Manufacturing and Non-Manufacturing purchasing manager indices (PMIs) and the MHI Business Activity Index (BAI) was positive. Although there had been downside risks to U.S. ...

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Expectations on the Rise for the Economy for 2017 and 2018

Optimism about the U.S. economic outlook increased at the end of 2016, after the U.S. presidential election. Expectations of Reaganesque corporate and individual tax cuts that would be accompanied by FDR-era infrastructure spending sent equities higher—and improved the potential for investment. While optimism about U.S. growth improved at the end of 2016 and the beginning of 2017, global growth expectations ...

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Challenges for the Economy and Material Handling in 2017, With Picture Brightening in 2018

Slow global growth, Brexit fallout, oil and gas credit risks and U.S. election fallout continue to present risks for the year ahead. The International Monetary Fund (IMF) reported global growth at 3.1 percent for 2015, with expected growth of 3.1 percent for 2016. On the upside, in October 2016, the IMF presented its forecast for 2017 global growth at 3.4 ...

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The Outlook for the Economy, Material Handling and the Election

Hold on to your hats, because 2017 is likely to be a bumpy ride because of slowing global growth, Brexit fallout, oil and gas credit risks and election cyclicality! Lower global growth expectations Back in July, the International Monetary Fund (IMF) lowered its global 2016 and 2017 growth forecasts in response to Brexit concerns, which also sent the dollar higher ...

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Uncertainty and Downside Risks to Growth for Material Handling

There have been three red f lags highlighting downside risks to growth and the U.S. economy for the better part of a year: manufacturing, energy and finance. These red flags were the impetus behind my recent book, Recession-Proof: How to Survive and Thrive in an Economic Downturn. Interestingly, these were also three of the main down­side risks to the global ...

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Economic Market Analysis: Slowdown in U.S. Manufacturing, Material Handling, and the U.S. Economy

The outlook for U.S. economic growth and material handling for 2016 and 2017 has softened sharply in recent quarters. U.S. manufacturing activity fell to recession levels when it began contracting at the end of 2015, which can be seen in the yearover- year rate of industrial production and the ISM Manufacturing Index (see graph on page 110). Although U.S. manufacturing ...

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2016 Outlook: Challenges Ahead for U.S. Manufacturing, Material Handling and Growth

The outlook for U.S. economic growth in 2016 and 2017 softened in the second half of 2015, as forward-looking manufacturing and material handling data reflected a significant slowdown in activity. While U.S. manufacturing has weakened, the U.S. service sector has remained solid, which bodes well for growth through at least the middle of 2016. At the same time that the ...

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Initial 2016 Outlook: U.S. Growth to Continue as Global Growth Improves

The economic climate for the balance of 2015 and 2016 is likely to be characterized by solid U.S. economic growth, an improving global economy, modestly rising commodity prices and continued foreign exchange rate volatility. In the new Material Handling Equipment Manufacturing (MHEM) forecast models, strong equity markets, low interest rates and continued manufacturing expansion are supportive of new orders. However, ...

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Mid-year Outlook: U.S. Growth Continues to be Modestly Positive, as Global Growth Improves

The second half of 2015 is likely to be characterized by a solid U.S. economy, an improving global economy, modestly increasing commodity prices and continued foreign exchange rate volatility. Despite the deceleration in U.S. growth in Q4 2014 and Q1 2015, we still expect solid year-over-year U.S. economic growth for all of 2015, as well as continued improvements in the ...

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U.S. Growth to Remain Positive in 2015, While Risks to Growth in Europe and China Remain

Our economic expectations have not changed in the past quarter; we still expect solid U.S. economic growth in 2015. This growth is likely to be accompanied by downside risks to global growth, benign materials costs that rise later in the year, and volatile foreign exchange markets. While we previously acknowledged elevated risks to global growth in the first half of ...

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