McKinsey has released its “Global Economics Intelligence Critical Trends and Risks” May 2022 report. The global management consulting firm’s report highlights the expansion of American industry, commodity price increases, and central banks’ move against inflation. The U.S. manufacturing purchasing managers’ index (PMI) improved to 59.2 in April, up from 58.8 in March, according to the…

Commentary Manufacturing executives in California are more excited about their growth prospects than they’ve been in nearly 20 years. That’s the takeaway from a recent Chapman University polling of purchasing managers at manufacturing companies. Professors at the university’s A. Gary Anderson Center for Economic Research surveyed buyers from throughout the Golden State about their expectations…