Episode 467: Cliff Notes on the Global Manufacturing Picture for August 2020

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On This Episode

In this episode of ‘Cliff Notes on the Global Manufacturing Picture’ host Cliff Waldman continues tracking the path of U.S. manufacturing recovery from the pandemic-induced contraction. He puts the recovery challenge in perspective by reviewing the report on second-quarter U.S. GDP which shows the sharpest U. S. economic contraction of the post World War II era. Cliff then reviews July data on retail sales as well as the July manufacturing survey report from the Institute for Supply Management, the July industrial production report and the July reading on job growth in the U.S. manufacturing sector. He concludes with a discussion of the manufacturing outlook risks that arise from a global resurgence of the coronavirus and the failure of the U.S. government to pass an extension of federal fiscal stimulus.

Cliff Waldman
Cliff Waldman

Our Guest

Cliff Waldman, 2020 National Economists Club Board of Governors Chair and 2019 President, is the CEO of New World Economics, a consulting firm that offers a range of forecasting and data creation services to private companies, trade groups and governments. He is also the host of “Manufacturing Matters with Cliff Waldman”, a weekly podcast show on Manufacturing Talk Radio. Cliff is an active and in-demand public speaker on topics ranging from the U.S. and global economic outlooks to productivity and automation. Cliff served as Chief Economist of the Manufacturers Alliance for Productivity and Innovation (MAPI) research foundation. His primary responsibility during his 15-year tenure at MAPI was to write and speak on the global economic outlook. Cliff’s career has also included positions with a state government policy research unit as well as with a small business research team in Washington, D.C. He has won three national research awards for his published work on the Chinese economy, productivity, innovation, and demographics. Cliff currently serves as co-chair of the NABE Manufacturing Roundtable. In 2018 he was awarded the Certified Business Economist (CBE) designation by NABE.