The slowdown in China, with its accompanying decline in imports, is hurting U.S. manufacturers, especially those that have 50% of their sales growth tied to China, said Yingying Xu, director of economic studies at MAPI. "China's economic re-balance is going to take some time, not one or two years but four, five years," Xu said.
The Federal Reserve reported that U.S. manufacturing output rose in May, numbers that confirm earlier indications that the sector is doing well, says Daniel Meckstroth, chief economist for MAPI. "Growth is driven by a ramping-up of the housing supply chain, a rebuilding of transportation equipment infrastructure, strong growth in oil and gas infrastructure, and pent-up demand for factory machinery," Meckstroth says.
Sophomore students at Exeter High School in New Hampshire recently gathered in the school library to hear about World War II from veterans, who had come from homes for seniors to share their stories. The appearance resulted from the collaboration of Jenn Montplaisir, the activities director at Rockingham County Nursing Home, and history teacher Molly Stevenson. "I want students to understand that their story is part of history, and realize that history is more than a set of facts," Stevenson said.
Taken as a whole, several purchasing manufacturers' index reports provide a mixed view of economic performance in the U.S. Among these, Markit's Flash Manufacturing PMI posted 51.9 for May, the lowest level since October.
World War II bomber planes visited Arcata-Eureka Airport in Eureka, Calif., as part of the Wings of Freedom Tour. The tour features B-17, B-24 and P-51 aircraft, and visits the region every two years. "From a personal level, it's amazing to be flying something with so much history, and from a level of craft, as flying is my craft, it's a very demanding airplane to fly," said pilot Joe Scheil of the B-24.