Change Country

General

Economic Signs

Posted on August 5, 2019 by

Rob Dutkiewiec

Rob Dutkiewicz

Share This

The signs from the economy seem to be a bit of a mixed bag.  Though in July, a respectable 164,000 jobs were added and unemployment remains incredibly low at 3.8%, there are other indicators that seem to signal a slowdown.  The second-quarter GDP grew 2.1%, down from the 3.1% first-quarter results which were enough to get the Federal Reserve to act with rate cuts, something that they have not done in 10 years. The economy in Europe has experienced slow growth over the last year, with Germany’s economy growing less than 1% and Great Britain’s less than 2%.  Pressure is mounting for the European Central bank to continue the period of low-interest rates.  There seems to be a view that the trade tensions are the primary reason for these recent indicators of a slowdown.  Also there is a sense that this recovery, which started in June of 2009, is longer than any other and therefore due for a slowdown.

Though remaining attuned to the national and world economy is important for anyone in managing their organization, I find that I get the best pulse of the economy by talking to clients and others in the business community.  In these discussions, most seem to be plowing ahead with their plans.  Though they are aware of all of the noise around them, they seem to be not too distracted from their focus of growing and investing for the future.  We are very proud to work with the entrepreneurs and business owners for they are the economic engine of this country.  So, as they continue to plow ahead, we will do the same.

Share This

Rob Dutkiewicz

President

Rob is recognized by clients, the C&M team and colleagues around the world for his pragmatic and thoughtful leadership.

Related Insights

General

Firm Promotes Ryan Kandt to Tax Manager

Posted on July 26, 2022 by

Clayton & Mckervey
We are pleased to announce Ryan Kandt has been promoted from senior accountant to manager effective June 1. Ryan Kandt, CPA, is recognized for providing quality client service and tax support to closely held manufacturing and industrial automation businesses. Ryan also plays a key role in developing the staff, interns and seniors within the tax team.

General

Fostering Wellbeing in the Workplace

Posted on June 30, 2022 by

Rob Dutkiewiec
A culture of trust and open, two-way communication are foundational to social and emotional wellbeing in the workplace. A business that can demonstrate that they consider more than just the basic physical needs of their employees will earn their loyalty, increase retention that reduces costs, and improve employee productivity.

General

New “At A Glance” Dashboard Service

Posted on June 24, 2022 by

Clayton & Mckervey
“At A Glance” is a service offered to help extract data from a company’s current business systems and display the metrics in one location. "We are currently working with systems integrators to develop streamlined dashboards that help business owners understand how their business is performing on key metrics -- at a glance." - Shareholder, Ben Smith

The Sound of Automation Podcast

Industrial automation businesses are the driving force behind Industry 4.0, and Clayton & McKervey is here to help.

Skip to content