MAPI forecasts that manufacturing production will increase 6% in 2011 and advance by 4% in 2012.
Industry Week cites Manufacturers Alliance / MAPI report and chief economist in their June 16th on line article.
“Manufacturing, though, is currently well positioned for growth. There is pent-up demand for consumer durables, firms are profitable and need to spend more for both traditional and high-tech business equipment, and strong growth in emerging economies is driving U.S. exports,” Meckstroth, added.
The group’s report found that manufacturing industrial production, measured on a quarter-to-quarter basis, grew at a 7% annual rate in the first quarter of 2011, after expanding at a 3.4% annual rate in the fourth quarter of 2010.
Manufacturing continues to lead the recovery. Hopefully this won’t be derailed by the continued hostile tone of regulators in Washington, upcoming Dodd Frank requirements, etc. etc..