CIRAS DIGEST: Tuesday, August 4, 2015

  • Bloomberg Business says U.S. manufacturing “cooled in July from the highest level in five months, a sign of fitful progress in the industry.”
  • However, Fox Business says the Chicago Business Barometer climbed to 54.7 in July after two months below 50 (which signals contraction).
  • And the Des Moines Register cites a Creighton University survey predicting that there will be “slow to no economic growth over the next three to six months in nine Midwest and Plains states.”
  • Meanwhile, the AP put out a story over the weekend documenting how the oil industry is cutting back on spending as a countermeasure to slumping oil prices
  • And in case you’re curious about why it costs so much to make yarn in Egypt, the New York Times has a few charts out that essentially explain how reshoring is possible. It shows you the cost of making stuff for the top 25 exporting countries.

Thanks for reading.

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