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.
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