ASA Insights
Aug. 16, 2012

Forbes, Foreman, Forecasting and More Only Two Months Away!
American Supply Association
In just two months, NetworkASA 2012, your industry's premier networking and educational event, will take place Oct. 17-20 in Orlando, Fla. In addition to a presentation by world-renowned editor, publisher and businessman Steve Forbes at this year's Future Trends Luncheon, recently added speakers George Foreman, Michael Werner and Alan Beaulieu, and new workshops covering Lead – Sustainability Planning and ESOPs will bring even more timely information to this year's event. Click here to view details on all featured speakers and here to register online today!More

Review 30 Years of Industry Performance Next Week
American Supply Association
For 30 years, ASA's Operating Performance Report has served as the PHCP and PVF industry's basis for benchmarking individual company performance against typical and high-profit performers among selected industry segments and demographics. Join us for a free one-hour webinar with Tom Noon, principal at Industry Insights, one week from today, on Thursday, Aug. 23, at 1:30 p.m. Eastern/10:30 a.m. Pacific.More

CFOs Prepare to Meet in Chicago Next Month
American Supply Association
Seasoned banking executive Ted Kopczynski of Citibank, N.A., will provide ASA member CFOs insight into negotiating lines of credit, ins and outs of private equity capital and strategies for building banking relationships at ASA's upcoming CFO Networking Council meeting, to be held Friday, Sept. 21, at the Chicago Marriott Magnificent Mile. Please click here or contact Margaret Bean at 630-467-0000, ext. 211, for more meeting details.More

Consumer Inflation Muted, Supports More Fed Easing
Reuters
Consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest in more than one and a half years, giving the Federal Reserve room for further monetary easing to tackle stubbornly high unemployment. Other reports Wednesday showed home-builder sentiment in August hit its highest level in more than five years, while industrial production rose in July. However, a gauge of manufacturing in New York state contracted this month.More

Construction Materials Prices Post Rare Year-Over-Year Dip in July
AGC News
The cost of key construction materials dropped for the third consecutive month in July, pushing down year-over-year prices for the first time since 2009, according to an analysis of producer price index figures released by the Associated General Contractors of America. However, association officials warned that recent spikes in diesel fuel and steel prices may drive up the cost of construction again, and they urged lawmakers to invest in needed infrastructure projects promptly while prices remain low.More

Manufacturing Down but Economy Up in July
Material Handling & Logistics
Economic activity in the manufacturing sector contracted in July for the second time since July 2009; however, the overall economy grew for the 38th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.More

Manufacturing's True Leaders Aren't Waiting
Plant Engineering
As the world comes to Chicago in September for the 2012 International Manufacturing Technology Show, America suddenly has rediscovered manufacturing as a source of pride and admiration. Not that manufacturing went anywhere, of course. But as our industry has led the U.S. economy in its halting steps out of recession, it also has done so with a commitment to improving not just what we make, but how we make it. At a time when corporate leaders are sitting on piles of cash and the White House and Congress are sitting on their hands, manufacturing has charged forward. More

Why the US Economy Feels Worse Than It Actually Is
TIME
Recent U.S. economic troubles are often referred to as the Great Recession, implicitly equating them with conditions during the Great Depression. Yet by many measures the economic deterioration of the past few years is not as serious as in some earlier downturns. The drop in GDP from peak to trough for the 2007–2009 recession was indeed severe, 4.7% compared with 3.2% for the 1973–1975 recession. Still, it doesn't begin to compare with the 26% decline of the early 1930s, the 18% of the 1937–1938 recession or even the 12% of the often-overlooked 1945 slump. And peak unemployment was higher not only during the Great Depression, but also during the recession of the early 1980s.More