11152018Thu
Last updateWed, 14 Nov 2018 4pm

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GDP Data Likely to Herald an Upturn

The government will report on Friday how the U.S. economy performed in the second quarter, and economists expect it will say the economy contracted at about a 1.5% annual rate, marking the fourth consecutive decline.

 

That typically would be seen as bad news -- but not after gross domestic product, the value of all goods and services produced by the economy, shrank by 6.3% in the fourth quarter and 5.5% in first, causing many economists to worry about the possibility of a depression.

 

Source: Wall Street Journal

 

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U.S. Commercial Construction to Drop 16% This Year, Report Says

Construction spending on offices, retail centers and hotels is likely to fall 16 percent this year and 12 percent in 2010, more than previously forecast, the American Institute of Architects said.

 

Rising unemployment and reductions in business spending prompted the Washington-based institute to cut its outlook from January, when it predicted non-residential construction spending would drop 11 percent this year and 5 percent in 2010.

 

Source: Bloomberg

 

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Lean Management and Manufacturing Basics Discussed in Webinar

WhatTheyThink conducted the first in a series of educational webinars in partnership with the Graphic Communication Institute at Cal Poly State University, San Luis Obispo. This series is designed to bring thought leadership content to printing and publishing executives. The first program, Lean Management and Manufacturing—A Formula for Success in a Changing World—was delivered by Cal Poly Professor Kevin Cooper, a recognized industry Lean expert.

 

Source: WhatTheyThink

 

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Manufacturing Tax Raises Recruitment Concerns

South Carolina's relatively high property tax rate for manufacturers is the biggest strike against the state when it comes to recruiting industry, according to consultants who help companies find locations for new facilities.

 

The issue has been around for decades, but it arguably takes on more importance now that the state's unemployment rate is fourth-highest in the nation at 12.1 percent, and South Carolina needs all the new jobs it can get.

 

Source: The Greenville News

 

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