Manufacturing Update, January 2016

With slowing growth in China and the implosion of stock prices there, the dramatic fall in the price of oil, and recent volatility in U.S. equity markets, January is coming in like a lion. Repeating the pattern observed in recent years, the first quarter will be challenging for U.S. manufacturers. One might say that what is happening bears watching. Or, one could say that the bears are watching what is happening.