Economists say statistics don't support manufacturing renaissance

04/2/2013 | Wall Street Journal, The

Despite widespread reports of a blooming manufacturing renaissance in the U.S., there is a lack of statistics that support the notion, economists say. "There's simply no statistical evidence of a broader renaissance at this point," said MAPI's chief economist, Daniel J. Meckstroth, who says warning signs for the industry include a factory-opening rate that is declining more quickly than the rate of factories closing.

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