Why manufacturing this year will be a tale of two halves
Modest acceleration likely
Recently RSM US Chief Economist Joseph Brusuelas sat down with Brian Benasek of The Carlisle Group and Privcap's David Snow to discuss what the new Trump administration means for manufacturing. "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."
Watch the video to see the full outlook from Brusuelas and to find out what The Carlisle Group's Brian Benasek sees happening with U.S. manufacturing.
Read the full transcript of the discussion in pdf format.