U.S. outlook: A pickup likely in 2014


Daniel J. Meckstroth, Ph.D., vice president and chief economist
MAPI believes that the fourth quarter decline in economic activity is not the beginning of another recession or a harbinger of one. On the contrary, the end-of-year weakness was a correction in production to temporary surges in the third quarter. This quarterly report provides a detailed look at the health of the domestic manufacturing sector and reviews the performance of a selected group of its most important subsectors. The forecast is that manufacturing production will increase 2.2% in 2013 and 3.6% in 2014. Economic Outlook

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