World Perspectives

Competing Manufacturing Data

According to S&P Global, the US manufacturing sector grew for the fourth consecutive month in September. The U.S. manufacturing purchasing managers' index recorded 52 points in September, down from 53 a month prior and indicating a weaker rate of expansion of the manufacturing sector. A reading above the 50-point threshold shows growth. However, the Institute of Supply Management (ISM), in a separate report on Wednesday, showed economic activity in the sector contracted in September for the seventh consecutive month. Although, it was at a slower pace at a reading of 49.1 points. The ISM data showed that manufacturing activity remained soft in September but did not contract as rapidly as in August. This makes seven consecutive months tha...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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