August 2023 Economic Outlook
Cooling Inflation, Fading Spending, and a Hot Labor Market
SourceDay’s August 2023 Economic Outlook sheds light on key economic indicators and what they mean for manufacturers in 2023 and beyond.
In this quarterly report, we bring in the expertise of Dr. Robert Eyler, Professor of Economics at Sonoma State University. Dr. Eyler shares a generally positive outlook of the US economy for manufacturers, but he cautions not to expect surging growth.
In this report, Dr. Eyler touches on several key indicators to watch:
- High inflation and interest rates
- The manufacturing job market
- Higher wages
- GDP growth and its impact on the industry
- International concerns