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Manufacturing Survey
- 1. Manufacturing and Distribution Summit Olympia & Lynnwood, Washington September 14 & 15, 2010
- 2. National & Washington Survey Results
- 4. Current condition of business
- 5. “ Thriving and growing” by industry segment
- 9. Export sales
- 10. Change in export sales
- 11. Projected health care cost increases
- 12. Challenges of new product development Survey data indicates those companies introducing new products have higher gross margins
- 13. Industry segments offering green products
- 14. Profitability of green products
- 16. Skilled labor recruiting needs (manufacturing)
- 17. Concern about pending legislation
- 18. Concerns about tax increases for pass-through entities
- 19. Current Manufacturing Situation and Outlook
- 20. Source: U.S. Department of Commerce Growth in Real Output: U.S. Manufacturing vs. Overall GDP
- 21. Source: National Association of Manufacturers
- 22. Manufacturing Drives Productivity Growth Source: U.S. Bureau of Labor Statistics Compiled by The Manufacturing Institute for the 8th Edition of Facts About Modern Manufacturing
- 23. The United States leads the way in innovation Source: U.S. Patent and Trademark Office Compiled by The Manufacturing Institute for the 8th Edition of Facts About Modern Manufacturing
- 24. US is the #3 Manufacturing Exporter 2007, $Billions Compiled by The Manufacturing Institute for the 8th Edition of Facts About Modern Manufacturing
- 25. Source: National Association of Manufacturers Jobs Supported by Manufacturing Exports
- 26. The Employment Situation Source: Department of Labor
- 27. Deeper Recession, Slower Recovery
- 28. Consumer Confidence Source: Conference Board July 07 (131.2) August 10 (62.7)
- 29. Source: Commerce Department Mfg Inventory/Sales Ratio
- 30. Housing Market
- 31. *SAAR (seasonally-adjusted annual rate) Source: U.S. Department of Commerce, OECD US Trade and the Global Economy
- 32. Manufacturing Production Source: Federal Reserve
- 33. Source: Federal Reserve, and NAM Forecast The Manufacturing Outlo ok
- 34. Source: Department of Commerce, and NAM Forecast The Outlook for GDP
- 36. Experience the power of being understood. SM Note our new web address: www.mcgladrey.com
- 37. Continue the conversation http//mfgblog.mcgladrey.com
Notas do Editor
- Survey participants represent more of the upper end of the middle market
- All improved from 2009 Led by F&B, Medical Trailing Fab Metal, Bldg Mat’ls Trans Equip, Chem > 2008
- Recovery will be long and slow. Most likely will not be back to 2007 levels until 2013.
- Overall, unprecedented levels of concern.
- Rising exports not only support manufacturing jobs, but jobs in other sectors as well. In 2003, manufactured exports supported a total of 5 million jobs. Roughly half (2.4 mil) in manufacturing and half (2.6 mil) in other sectors , like business services, transportation, wholesale trade and agriculture. By 2008 manufactured exports supported close to 7 million jobs (6.8 mil), a 34 percent increase in just 5 years. While export increase created 446,000 new manufacturing jobs, the number of mfg jobs . Three quarters of the new jobs created by the rise in manufactured exports (1.3 million) were in jobs outside of manufacturing. This is 28 percent of the 4.7 mil increase in private sector employment (outside of mfg) during this time
- Gross Domestic Product Private Domestic Final Sales (GDP less Gov, Inventories and Net Exports) 2007.1 0.1 2.19 2007.2 4.8 1.9 2007.3 4.8 1.33 2007.4 -0.2 -0.3 2008.1 0.9 -0.2 2008.2 2.8 0.6 2008.3 -0.5 -3.5 2008.4 -6.3 -7.4 2009.1 -5.5 -6 2009.2 -1.8 -3.5 2009.3 1.1 -1.1 2009.4 0.2 -0.7 2010.1 1.2 0.6 2010.2 2 1.7 2010.3 2.9 2.7