U.S. manufacturing industry revenues in 2020 dropped by -16% compared to 2019, while for 2021 and 2022, growths of 6% and 5% respectively are expected. In contrast, the industry's labor force dropped by -11% in 2020 and is expected to grow at an average annual rate of 4% in 2021-2022. However, the encouraging data from the manufacturing sector has not positively affected the sector's trade…

The latest data (April 2020) on the manufacturing sector published by Statistcs Canada (StatsCan) brings into focus the magnitude of the impact of the restrictive measures put in place to contain the spread of COVID-19 (social distancing, general decline in consumption, limited operations): sales turnover -28.5% (all-time record), sales volume -26%, orders -31%, inventories -25%, production…

Mexico, like the world as a whole, has had to adapt to the changes and challenges posed by the new mode inherited from the pandemic due to COVID 19. However, the outlook for Mexico is positive despite the complicated international environment expected this year, the country's exports are estimated to grow 2 percent in 2020. Currently, Mexico is the world's 15th largest exporter as it has…

Since machinery and capital goods technologies constitute an important element of Italy's total world exports, which exceed 20 percent each year, lCE-Agency through its Chicago and Houston offices actively tracks the number of major machinery sectors, monitoring imports from the United States. These sectors cover machinery and technology for the following uses: agriculture, ceramics, earthmoving…

Mexican imports, in January-August 2018, reached 255.334 billion euros, a growth of 3.46 percent, compared to the same period in 2017. The top ten exporting countries to Mexico during the period were: United States (€118.7 billion), China (€45.1 billion), Germany (€10.2 billion), Japan (€10.1 billion), South Korea (€8.8 billion), Canada (€5.9 billion), Malaysia (€4.9 billion) Taiwan (€4.4…

The United States is a strong market of interest for Italian and international companies operating in the mechanical engineering sector. According to forecasts by the Manufacturers Alliance for Productivity and Innovation, U.S. manufacturing output is expected to increase by 2.5 percent in 2018 and 2019 generating growth in demand and capital goods investment by U.S. companies. In terms of…

2017 was a record year for Canadian imports of mechanics from Italy (first 9 months), which, with a +32%, jumped to Euro 290 million, surpassing, not only pre-crisis values, but also setting a record in 15 years of Machines Italia sector surveys. In 2018, total Canadian imports of machinery from our country, referring to the 15 sectors of reference of the project, decreased, in the first 9…

While the''global economy continues its growth trend, the health of the U.S. behemoth economy is beginning to send worrying signals that hint at a possible stalling of the expansion that began in June 2009. The reasons behind the negative outlook are primarily domestic political uncertainty and the critical and revisionist attitude of the U.S. central administration toward international…

Canada's total imports of machinery and technology referring to the 15 reference sectors of the Machines Italia project, increased in the first 9 months of 2017 by about 8%, compared to the same period of the previous year. Italy brings a very positive result from the point of view of Canadian imports of capital goods, registering an increase of 32.66%% (from about Euro 219 million in 2016 to…

The NAFTA trade agreement was signed, more than two decades ago, with the intention of integrating the economies of the United States, Canada and Mexico. Initial negotiations that will lead to a partial amendment of the free trade treaty have been initiated, primarily desired by the new U.S. administration. It is difficult to predict what the outcome of these negotiations will be, however, it is…