The RedStone Resource- August 2024

Economic BriefingGlobal Manufacturing Optimism High, Despite Weaker Summer Performance Manufacturing activity worldwide typically accelerates through the summer months and into the peak retail season. But a combination of early ordering (as shippers try to avoid potential East Coast Port issues) and limiting inbound order volumes because of uncertainty heading into the peak retail season, has…

The RedStone Resource- July 2024

Economic BriefingEconomic Outlook and Impact on Global Supply Chain The latest data coming out of the Atlanta Federal Reserve shows some economic deceleration taking place in Q2. The GDPNow forecast expects Q2 GDP to be just 1.5%, down from growth estimates of 3% earlier in the quarter. Deceleration in consumer spending and a slight reduction…