Last week was a slower one for indicators, but the data points that were released reflected mostly positive trends, with the global economy showing signs of continued progress. Along those lines, the IHS Markit Flash Eurozone Manufacturing PMI rose once again to its fastest pace since April 2011. This suggests that manufacturers in Europe have… Read More NAM: Monday Economic Report
St. Joseph’s economy continues to grow steadily as local companies like Triumph Foods and St. Joe Petroleum are choosing to expand and create new jobs in the process. With help from the St. Joseph Chamber of Commerce and the State of Missouri, each company looks forward to achieving their goals. “More and more businesses are turning… Read More 200 jobs planned for St. Joseph
A St. Louis judge declared a mistrial Monday in a talcum powder trial underway in St. Louis Circuit Court after the U.S. Supreme Court imposed limits on where injury lawsuits may be filed. The talcum powder cases were brought in other states and dismissed. In Missouri courts, however, these cases have been successful. Associated Industries… Read More Mistrial declared in talcum powder suit
Ford announced manufacturing actions centered on improving the company’s operational fitness and building vehicles that excite customers around the world. Ford is investing $900 million in Kentucky Truck Plant for plant upgrades to build the all-new Ford Expedition and Lincoln Navigator, which begin arriving in dealerships this fall. Both full-size SUVs will be exported to… Read More Ford invests $900 million in Kentucky plant to build new Expedition, Navigator
Associated Industries of Missouri is Missouri’s sole designated partner of the National Association of Manufacturers (NAM). The National Association of Manufacturers (NAM) hosted House Speaker Paul Ryan at the 2017 Manufacturing Summit today, where he delivered a major address on tax reform, a top priority for manufacturers. Below are responses to the Speaker’s speech: “Today,… Read More Manufacturers respond to Speaker Ryan’s tax pitch
By Laura Lee Rose, Missouri Enterprise Project Manager Finding and hiring good people. The problem is getting worse as baby boomers leave the workforce, taking their skills and tribal knowledge along with them, making it even more important for manufacturers to attract qualified replacements in a tough workforce environment. But finding those good folks is… Read More People Problems: How Are You Managing?
As expected, the Federal Open Market Committee (FOMC) voted to raise short-term interest rates at the conclusion of its June 13–14 meeting for only the third time since the financial crisis. After hiking the federal funds rate in December and March, the Federal Reserve increased rates by another 25 basis points, with a new target… Read More NAM: Monday Economic Report