The Federal Reserve may have delivered some bad news to American manufacturing, not from policy but from data revisions. According to the Reserve’s annual revisions to its manufacturing production data, released April 1, the domestic manufacturing industry’s inflation-adjusted growth has been much weaker than previously estimated, both recently and since the current economic recovery began. specifically, the revision shows that US manufacturing has lost nearly four times as much production ground since the last recession broke out than even the prior downward revision revealed. Read more here.
Meet the people behind the products. From semi-conductors to Jet engine turbines – from apple pie filling to smoked salmon – from cosmetics to high definition micro displays – Council members make the products that make the world run. Through our podcast we introduce listeners to the people who own, work in, and support these businesses, businesses that together are the Council of Industry. We learn about their products and career paths. We learn about their leadership styles and their passion for their work. We learn about their challenges and their opportunities. In the process we learn more about manufacturing and why it is such a vital sector of our economy- vital to our region’s prosperity, our security and our future.