US Manufacturing Still Finding Bottom

摘要

The Manufacturers Alliance/MAPI (mapi.net) predicted US manufacturing will likely decline for the next one to two quarters, based on a recent survey of manufacturing executives.rnThe research firm's quarterly survey found the manufacturing index has slipped to 21, well below the baseline of 50 that represents an industry in recovery.rnIn a statement, MA/MAPI chief economist Dr. Daniel J. Meckstroth said, "Manufacturing production declined 1.7% in March and was down 15% from one year ago. The manufacturing recession remains widespread, with 18 of the 20 major manufacturing industries declining in March, and all 20 industries showing current production levels that are substantially below that of one year ago."