凯斯|国际

  • About Greyhill

    Greyhill advises clients on corporate site selection, economic development, and commerical real estate. Our blog covers those topics plus economics, trade policy, manufacturing policy, and other related subjects.

    Entries by Ben Loftsgaarden (23)

    Thursday
    Oct062011

    Manufacturing and Trade

    As we discussed yesterday, China’s manufacturing output is expanding rapidly, much faster than the Chinese economy or Chinese consumer spending. A large percentage of the goods are manufactured for export, with the U.S. being country’s largest export market.  China provides aggressive incentives, a fixed, artificially low currency, and an appealing cost structure for export focused manufacturing firms. And it’s working, the U.S. trade deficit with China rose from $83 billion in 2000 to $273 billion in 2010. China now accounts for 43% of the country’s trade deficit and has replaced petroleum (with a trade deficit of $270 billion in 2010) as the largest factor in the U.S. trade deficit. This growing trade deficit is certainly a contributing factor in U.S. manufacturing’s reduced growth.

    Of additional concern is the destination of the U.S. strong export markets, which are heavily skewed to NAFTA and Europe. Growth is projected to decline in Europe and be quite modest in Canada and Mexico. US exports continue to increase to high growth developing markets, but leveling the playing field is important to replace the growth developed nations once provided.

     

    Even with these strong headwinds, manufacturing GDP continues to grow in the United States, although quite modestly. The Real GDP of Manufacturing (GDP adjusted for inflation) expanded at a compound annual growth rate of 1.1% in the U.S. from 2000 to 2010, to $1.55 trillion. In the last decade the sector expanded by $157 billion.

    The numbers mask bright spots, and the figures will surprise some. California, long derided as too expensive for manufacturers, not only retained the top spot for manufacturing but the sector grew strongly. California increased the state’s share of U.S. manufacturing GDP substantially. California, Texas, and Oregon accounted for 89% of growth in U.S. manufacturing from 2000 to 2010.

    Less positively, manufacturing is recovering from the recession at a much slower pace than the overall economy. While total GDP recovered to 2007 levels by last year, manufacturing remains 8% below 2007. We’ll dig into some of the interesting state and metro numbers in coming days. 

    U.S. manufacturing growth

    Wednesday
    Oct052011

    Manufacturing Output by Country

    Our site selection work includes a decent number of manufacturing projects, it’s not our biggest line of business but one that we particularly enjoy working on. Manufacturing provides one of the largest economic impacts per dollar invested, and precisely because of this, nearly every city, state, and nation aggressively targets the industry. We’ll spend some time on this blog discussing manufacturing in the U.S. Our primary data source is real gross domestic product data set from the Bureau of Economic Analysis. Other data providers should take note; the BEA produces an enormous amount of relevant, interesting, and accessible information.

    We’ll begin with a look at manufacturing output by country. This data set comes from the United Nations and is only current through 2009, but still quite interesting. The United States remains the world’s largest manufacturer, with 2009 output of $2.33 trillion, but growth is modest. By contrast, China’s manufacturing output is growing rapidly, reaching $2.05 trillion in 2009. A decade ago U.S. manufacturing was 4 times larger than China’s, and by 2011 China seems certain to be larger. The U.S. share of global manufacturing stands at 18%, down from 29% in 1970. 

    The actual data is available here.

    Tuesday
    Aug232011

    2011 SXSW Economic Impact Report 

    Austin, TX (August 23rd, 2011) – Greyhill Advisors is proud to present the comprehensive economic impact of the 2011 South by Southwest Music, Film and Interactive Conferences and Festivals (SXSW) to the City of Austin. This analysis represents the fifth consecutive study to fully assess the unique nature of SXSW and its beneficial economic impact to the city. To read and download the full study, please visit www.sxsw.com, use the direct download links below, or contact the representatives listed in the Press Release. 

    Press Release

    http://greyhill.com/reports/SXSW_Press_Release.pdf

    Economic Impact Report

    http://greyhill.com/report/SXSW_Economic_Impact.pdf

    Page 1 2 3
  • 千赢|国际老虎机|登录

    bbin娱乐官网

    www .393802 .com

    澳门mg游戏娱乐平台

    外围足球软件排行榜

    幸福彩票app网址

    梦之城平台官网

    九州体育平v台

    娱乐toya365