Economic activity in themanufacturing sector expanded in October, and the overall economy grew for the 101st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
“The US LEI declined slightly in September for the first time in the last twelve months, partly a result of the temporary impact of the recent hurricanes,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The source of weakness was concentrated in labor markets and residential construction, while the majority of the LEI components continued to contribute positively. Despite September’s decline, the trend in the US LEI remains consistent with continuing solid growth in the US economy for the second half of the year.” – The Conference Board
Source:National Retail Federation
Imports set a second all-time monthly record high this summer as retailers brought in merchandise for the busy holiday season, and are continuing at unusually high levels this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Generalized System of Preferences (“GSP”) Expires December 31, 2017
The Generalized System of Preferences (“GSP”), first implemented on January 1, 1976, periodically expires and must be renewed by Congress to remain in effect. The most recent GSP reauthorization (H.R. 1295) expires on December 31, 2017. Although Congress let the program lapse for two years past the previous expiration date of July 31, 2013, we are not aware of any current effort to end the program. But it nonetheless remains a possibility.
Presidential Authority To Regulate International Trade & Potential Impacts To NAFTA
Do you know the President’s authority as it is related to international trade and commerce? This presentation provides insight into the President’s authority according to language in the Constitution, Executive Authority per specific Trade Acts, as well as historical precedents. The presentation also reviews the current status of NAFTA and the potential impact to Regional Value Content if the trade agreement is renegotiated.
Economic activity in themanufacturing sector expanded in September, and the overall economy grew for the 100th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
“The August gain is consistent with continuing growth in the U.S. economy for the second half of the year, which may even see a moderate pick up,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “While the economic impact of recent hurricanes is not fully reflected in the leading indicators yet, the underlying trends suggest that the current solid pace of growth should continue in the near term.” – The Conference Board
Growing imports at the nation’s major retail container ports set an all-time monthly record this summer, and 2017 is expected to reach a new yearly record, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Economic activity in themanufacturing sectorexpanded in August, and theoverall economygrew for the 99th consecutive month, say the nation’s supply executives in the latestManufacturing ISM®Report On Business®.