Data from PCA Index Featured in Associated Press About Manufacturing Malaise

An article in the Associated Press cited that “growing evidence of a slowdown in manufacturing is likely contributing to the dip in small business optimism that began early in the year. Reports last month from the government and an industry group point to a drop in manufacturing activity. While the manufacturing sector is a relatively small part of the gross domestic product — the government has estimated it at 11.4 percent in the third quarter of last year — most manufacturers are small businesses as are service companies that do business with them.”

The article by Joyce Rosenberg cited findings from the the Pepperdine Private Capital Access (PCA) Index which was in line with data from the U.S. Chamber of Commerce and MetLife, Wells Fargo and Gallup that have all shown weakening confidence in the economy among small business owners since the start of 2019. Read more