MAPI: Manufacturing to grow more than GDP over next two years

03/19/2013 | IndustryWeek ·

Industrial production will increase by 2.2% in 2013 and 3.6% in 2014, while gross domestic product will grow by 1.8% in 2013 and 2.8% in 2014, according to MAPI's quarterly Industrial Outlook report. MAPI reports that 16 out of 24 industries can expect gains in 2013, and 23 out of 24 can expect gains in 2014. "Despite some austerity measures, there are several reasons to be optimistic about continued economic growth in 2013 and 2014," said Daniel J. Meckstroth, Ph.D., MAPI chief economist.

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