MAPI forecasts continued modest manufacturing growth in U.S.

06/19/2013 | Manufacturing.net

MAPI forecasts that industrial production will increase 3.1% this year and reach 3.6% in 2014. Activity for the second half of 2013, though, will likely lag behind that of the early part of the year. "The superior growth in manufacturing production earlier this year was due to strong growth in housing starts, auto sales, and inventory rebuilding that disproportionately benefits manufacturing," said MAPI Chief Economist Daniel J. Meckstroth.

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