The personal consumption expenditures deflator rose 0.2% in October. The core PCE deflator, which excludes food and energy prices, inched up 0.1%.
New housing starts rose 3.8%, up to an annualized 1,314,000 units in October. Over the past 12 months, new residential construction has
The Missouri Viewpoints program, hosted by Mike Ferguson and syndicated statewide, recently interviewed Ray McCarty, president and CEO of Associated Industries of Missouri (AIM) regarding manufacturing. Specifically, McCarty talked about a new initiative led by AIM, Missouri Enterprise, Governor Mike Parson’s administration, university officials and more, to establish a manufacturing policy in Missouri, the “Manufacturing Policy Academy.” Funding for the Manufacturing Policy Academy has been provided by the National Institute for Standards and Technology (NIST). The goal: to provide a sustainable manufacturing policy in Missouri. McCarty talked about the effort, along with manufacturing incentives and the importance of manufacturing to Missouri’s economy in this short video (courtesy of Missouri Viewpoints).
Manufacturing production declined 0.6% in October, extending the 0.5% loss in September and falling for the seventh time year to date.
The J.P. Morgan Global Manufacturing PMI contracted for the sixth straight month, albeit with some continued stabilization. The headline index inched up
U.S. consumer credit outstanding rose 2.8% in September, slowing from the 6.7% and 5.2% gains in July and August, respectively. Revolving
Thompson Coburn partner and AIM Tax Committee member Janette Lohman has been named among Law360 Tax Authority’s first-ever “Influential Women
Ray McCarty, president and CEO of Associated Industries of Missouri was a panelist at the 50th Annual Meeting of the Council on State Taxation (COST) in Washington, DC, on October 25, 2019. McCarty participated in a panel with tax leaders from other Midwest states, including the Kansas Chamber, Minnesota Chamber of Commerce, Ohio Chamber of Commerce, Taxpayers’ Federation of Illinois, Iowa Taxpayers Association, Illinois Chamber of Commerce Tax Institute and Indiana Chamber of Commerce. McCarty discussed the passage of several key tax provisions in the 2019 session, including a provision to prevent a tax increase on some corporations due to a deduction limitation in the federal tax code, a provision that changes the three year statute of limitations for filing a sales/use tax refund to ten years, and the failure of the state to pass legislation addressing internet sales made by companies outside Missouri to Missouri customers in the wake of the Wayfair case. Missouri is one of three states
The U.S. economy grew 1.9% at the annual rate in the third quarter. The consumer continued to help prop up economic growth,
October 31, 2019 – Missouri is one of a few states chosen for support in developing a state manufacturing policy. A listening session was held at the offices of Associated Industries of Missouri yesterday to discuss the policy and allow manufacturers and manufacturing advocates to offer ideas and suggestions. The move to establish a manufacturing policy in the states originated in and is being driven by the National Institute of Standards and Technology (NIST) through the Manufacturing Extension Partnership (MEP). Missouri Enterprise serves as Missouri’s MEP center. Along with representatives of Governor Mike Parson’s office and key legislators, the Missouri Department of Economic Development, Missouri Enterprise, Associated Industries of Missouri, the University of Missouri system, The Missouri Economic Development Council, the St. Louis Economic Development Partnership, private manufacturers and many other economic development and manufacturing advocates are leading the effort. Senator Mike Cierpiot, Chairman of the Senate Economic Development Committee, was present at the hearing, as well as many manufacturers