U.S. manufacturing activity is predicted to rise 2.2% this year and 3.6% in 2014, according to a Manufacturers Alliance for Productivity and Innovation report. "Consumer deleveraging is close to an end; there are definitive signs of improvement in the housing market, especially on the supply side; and there is moderate job growth, pent-up demand and the potential for spending that was previously postponed," said Daniel Meckstroth, MAPI chief economist.

Related Summaries