IU Columbus Division of Business

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Browsing IU Columbus Division of Business by Author "Brewer, Ryan M."

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    Columbus forecast 2023
    (IBRC Kelley, 2022) Mohler, Steven H.; Brewer, Ryan M.; Hester, Jason; IUPUC Business
    As a durable goods manufacturing-based economy, the Columbus metropolitan statistical area (MSA) experienced significant economic volatility in 2020 and 2021 due to global supply chain issues and fluctuations in consumer spending related to the pandemic. Columbus concluded 2021 with lower unemployment than 2020 and with slightly higher GDP. During 2022, the unemployment rate dropped below 2.0% on three occasions. Current expectations are for local economic output to increase during 2022 in light of vehicle production and sales projections. This article explores the 2022 data, as well as what is anticipated for 2023.
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    Financial markets 2020: When will P/E ratios be great again?
    (IU School of Business, 2019) Brewer, Ryan M.; Trzcinka, Charles; IUPUC Division of Business
    Let's review: The Federal Reserve cut the federal funds rate. This shifted many interest rates down (not the mortgage rate though). More than the damage from tariffs, the uncertainty of what Mr. Trump might do next caused business confidence to fall. This has led to increases in hurdle rates for capital projects across the board, thus slowing capital investment, ultimately yielding slower output that is reflected in roughly 2 percent GDP growth in the last two quarters. President Trump and some in the White House blame the Federal Reserve and Europe for this slump, but neither explanation holds up. * Europe hasn't grown fast for decades, and its 2017 growth bump was helped by faster U.S. growth. * Businesses were not starving for money even before the Fed began cutting rates again this summer. The best sector, communication services, is expected to rise 9.1 percent, while the worst sector, financials, is predicted to rise 1.9 percent. * Year-over-year revenue growth: This is a positive 3.1 percent for the S&P 500 from third quarter 2018 to third quarter 2019, led by health care. * Quarter 3 earnings and revenue "beats": Of the 355 companies in the S&P 500 that have reported for the third quarter of 2019, 76 percent have reported earnings above the mean estimate of analysts (higher than the historical average of 69 percent) and 61 percent have reported revenues above the mean estimate (below the historical average of 66 percent). * IPOs: There have been 140 IPOs (as of October 15) that raised $43 billion. This is down 4 percent over this time last year, but much larger than 2016-2017.
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    Indiana’s outlook for 2020
    (IU School of Business, 2019) Brewer, Ryan M.; Yoon, SunJung; IUPUC Division of Business
    The government sector also produces about 8 percent of output.8 Over the past year, various media have reported conflicting information about the extent of impacts from tariffs on imports and exports in America. [...]any attempt to accurately quantify the impact of the current trade war on the Indiana economy at this point, would be impossible. [...]with the exception of one year (2009), Indiana has led the nation in manufacturing employment since 1996, when Indiana took the manufacturing mantle from North Carolina (see Table l).9 While nearly one in every five Indiana jobs is in manufacturing, the overweighting in the manufacturing sector is even more pronounced in terms of GSP. Yet, Hoosier farmers (totaling over 94,000 in 2017) as individuals are certainly affected by the trade war.11 According to the Indiana State Department of Agriculture (2019), Indiana was the eighth-largest agricultural exporter in the country as of 2017, the 10th-largest farming state, and in the top five among U.S. states that produce ducks, popcorn, ice cream, tomatoes, pumpkins, turkeys, corn, soybeans, watermelons and hogs. [...]farming accounts for a relatively small number of jobs available to Hoosiers and has been declining for many decades. [...]farming is not an accurate representative to gauge our economic condition in the near future.
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    Indiana’s Outlook for 2023
    (IBRC Kelley, 2022) Brewer, Ryan M.; Mohler, Steven H.; IUPUC Business