The Advancing Leadership Blog

Peter Andersen Monthly Economic Report – August 10, 2012 – Summary

The US economic outlook is not as bad as you might think
– Peter Andersen, July 2012

In this month’s report, Peter Andersen continues to warn against being too pessimistic about the US economic outlook. He also says while Canada’s economy has slowed, it has not stalled with strong auto sales for both June and July being an indicator.

In fact, the Globe and Mail reports Canadian auto makers and the manufacturing sector as a whole have increased their focus on innovation and R&D, possibly providing the basis for economic growth. And although, according to KPMG’s Canadian Manufacturing Outlook 2012, Canadian manufacturers are choosing minimal investment in risk management activities, they believe they are nimble enough to manage market risks better than their multi-national counterparts.

For more information on the US and Canadian economy, TEC members receive the Andersen Report via email every month.

Other references:

Auto makers rev up Canadian R&D – http://www.theglobeandmail.com/report-on-business/economy/auto-makers-rev-up-canadian-rd/article4439581/

Canadian manufacturers set sights on growth, new products – http://www.theglobeandmail.com/report-on-business/canadian-manufacturers-set-sights-on-growth-new-products/article4447899/

Lamphier: Canada’s manufacturers stage surprising recovery – http://www.calgaryherald.com/business/Lamphier+Canada+manufacturers+stage+surprising+recovery/7060644/story.html

Canadian Manufacturing Outlook 2012 – http://www.kpmg.com/Ca/en/IssuesAndInsights/ArticlesPublications/Pages/Canadian-Manufacturing-Outlook-2012.aspx

Canadian Auto Sales on Track for Record Year-BMO Economics – http://www.stockhouse.com/News/USReleasesDetail.aspx?n=8579783

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