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December 6, 2012
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  MAPI Research and Insight 
  • U.S. trade deficit in manufactures continued to rise in third quarter
    Ernest H. Preeg, Ph.D., senior adviser for international trade and finance
    The U.S. trade deficit in manufactures increased by $23 billion, or 7%, during the first three quarters of 2012, compared with 2011, while the Chinese surplus was up by $74 billion, or 16%. Over the past three years, the U.S. deficit is projected to have risen by 52%, to $495 billion in 2012, and the Chinese surplus by 81%, to $764 billion. A final comment addresses where the trade imbalances are likely to go in the year ahead. Policy Analysis LinkedInFacebookTwitterEmail this Story
  • China's economic growth in 2012 and 2013
    Yingying Xu, Ph.D., economist
    The growth pace of industrial value-added in China decelerated from 14% in 2011 to around 9% in the third quarter. Even this number may be overreported considering the dramatic growth deceleration in power production, which is highly correlated with industrial production. In October, however, the growth pace for both industrial production and power generation accelerated slightly, showing some encouraging signs of upturns. Economic Update LinkedInFacebookTwitterEmail this Story
  MAPI Analysis and Citings 
  • MAPI cites "fiscal cliff" as factor in sluggish November numbers
    U.S. manufacturing contracted in November, according to the Institute for Supply Management index. The index was down to 49.5, while the sub-index for new orders contracted by 3.9 points, employment contracted by 3.7 points and price growth was slower. "Some of the narratives stated that the approaching fiscal cliff had something to do with the malaise, which is unsurprising given the stark difference in outcomes -- to go over the cliff and put the economy in recession next year, or achieve a compromise agreement and foster continued modest growth," said MAPI's chief economist, Daniel J. Meckstroth. IndustryWeek/Agence France-Presse (12/3) LinkedInFacebookTwitterEmail this Story
  • U.S. exports of big items growing but won't bring surplus
    The U.S. exports more aircraft, excavators, industrial engines and railway and mining equipment than it imports by a significant margin, but it will not be enough to make up for this year's $509.7 billion deficit in manufactured goods, according to MAPI senior economist Cliff Waldman. However, the global markets for large equipment such as mining trucks are expected to grow this year. The Wall Street Journal (12/3) LinkedInFacebookTwitterEmail this Story
  In the Industry 
  • Legal expert: Manufacturers will have "tough" time in SEC challenge
    The statement filed by the National Association of Manufacturers, Business Roundtable and U.S. Chamber of Commerce challenging the Securities and Exchange Commission's ruling on conflict minerals might not hold up in court, according to corporate social responsibility attorney Sarah Altschuller. "For many of their stated claims, they need to show, by a preponderance of the evidence, that the SEC acted arbitrarily or capriciously -- or without a reasonable basis," Altschuller said. "That may be tough for petitioners to show." (12/3) LinkedInFacebookTwitterEmail this Story
  • Johnson Controls to participate in DOE battery research
    Johnson Controls is one of several businesses, research labs and universities participating in a new U.S. Department of Energy battery research hub at Argonne National Laboratory near Chicago. "The intent ... is to continue to create the technology pipeline so that we accelerate the industry and ensure the U.S. has a position as a global competitor," said MaryAnn Wright, vice president of global technology and innovation for Johnson Controls' power solutions unit. American City Business Journals/Milwaukee/Milwaukee BizTalk blog (12/3) LinkedInFacebookTwitterEmail this Story
  • GM opens new research hub in China
    General Motors China opened phase two of the GM China Advanced Technical Center, complete with 62 test labs, nine research labs and 250 engineers, researchers and technicians. The center, which houses several of GM's development and design programs, is a hub for advanced vehicle design, powertrain engineering, "telematics" and other research and development work. American Machinist (12/3) LinkedInFacebookTwitterEmail this Story
  Leadership and Strategy 
  • How belief in limitless profit leads firms to make mistakes
    Every company is founded upon the "economic myth" that limitless growth is both desirable and possible, argues Betty Sue Flowers. That leads incautious bosses to focus solely on single-line measures of success, such as revenue and profit. "Those will inevitably peak and decline at some point, because all systems have limits -- and once they start to fall, they fall fast," Flowers says. Strategy+Business online(free registration) (12/3) LinkedInFacebookTwitterEmail this Story
Courage is going from failure to failure without losing enthusiasm."
--Winston Churchill,
British prime minister

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About MAPI
The Manufacturers Alliance for Productivity and Innovation, founded in 1933 and located in Arlington, VA, contributes to the competitiveness of U.S. manufacturing by providing economic research, professional development and an independent, expert source of manufacturing information.
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