Afternoon Coffee: OPEC Export Revenues Fall, Optimism Among Manufacturers Grows in Second Quarter

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OPEC oil export revenues are expected to fall 15% in 2016, marking a third straight year of declines, according to the U.S. Energy Information Administration. It could be the first time since OPEC oil export revenues fell for three consecutive years since 1983-86.

The majority of manufacturers have a positive outlook for their company, with 61.7% of manufacturing reporting being more optimistic, according to the latest quarterly Manufacturers’ Outlook Survey by the National Association of Manufacturers. The first quarter survey revealed 56.6% of manufacturers were optimistic about their company’s future.

The International Labor Organization reported plans to improve work conditions in global supply chains. The ILO recently met at the International Labor Conference in Geneva and issued a report detailing how it plans to promote decent work throughout the world, including implementing equal pay for equal work and eradicating forced labor. 

Following the LinkedIn and Microsoft merger, some are speculating that Twitter will likely be acquired. Internet and tech analysts agree Twitter offers an attractive platform, brand and value proposition.


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