Stronger dollar to weigh on manufacturing in 2nd half
Modest first-half acceleration faces currency headwind
In this two-minute video brief, RSM US Chief Economist Joseph Brusuelas discusses the 2017 outlook for manufacturing and why modest first-half acceleration may give way to U.S. dollar appreciation headwinds in the second half of the year. "The first half you’re likely to see are relative modest acceleration in overall activity spurred by strong consumer demand," Brusuelas says. "Unfortunately, we’ve seen an appreciation in the U.S. dollar in the second half of 2016. So about the second half of 2017, you’re going to see that pass through begin to impact demand from abroad, especially as competitiveness problems begin to crop up."
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