On the Wire | News & Analysis from the Web for the Week of October 1

New NAM Outlook Survey: 2018 on Pace for Record-High Year of Manufacturer Optimism Following Tax and Regulatory Reform.  NAM 10/5
“On the heels of yet another positive employment report showing 18,000 manufacturing jobs were created in September, the National Association of Manufacturers (NAM) today released the results of the Manufacturers’ Outlook Survey for the third quarter of 2018. According to the results, optimism among manufacturers remains exceedingly high (92.5 percent) following enactment of tax and regulatory reform and is on pace for the highest yearly reading in the survey’s 20-year history. In addition, the four-quarter average from Q4 2017 through Q3 2018 rose to 93.9 percent—making it the highest one-year average on record. . . .”


U.S. says it cannot support some of EU’s ideas for WTO reform.  Reuters 10/4
“The United States gave the first hint on Thursday of its view of attempts to reform the World Trade Organization, rejecting some proposals put forward by the European Union to resolve a crisis at the home of world trade in Geneva. . . .”


U.S. August factory orders post largest gain in 11 months.  Reuters 10/4
“New orders for U.S.-made goods recorded their biggest increase in nearly a year in August, boosted by a surge in demand for aircraft, but signs of weakness in business spending on equipment suggested that the manufacturing sector could be slowing. . . .”


Trump’s new North American trade deal also aimed at bigger target: China.  Washington Post 10/3
“After more than a year of fitful negotiations, President Trump and the leaders of Canada and Mexico this week marked a new free trade agreement meant to pull together the three economies. . . .”