U.S. manufacturing production continued to plummet in the first quarter of 2009 and global contagion continues, but a confluence of factors portend a modest rebound in 2010, according to the Manufacturers Alliance/MAPI U.S. Industrial Outlook: The Great Recession, a quarterly report that analyzes 27 major industries.
On an annual basis, MAPI forecasts manufacturing production to fall 12% in 2009 and grow 2% in 2010. Manufacturing industrial production, measured on a quarter-to-quarter basis, declined at a 22% annual rate in first quarter 2009 after falling at an 18% annual rate in fourth quarter 2008.
Production in non-high-tech manufacturing dropped by a precipitous 22% annual rate in the first quarter of 2009. Non-high-tech …
MAPI Report: No ‘Quick Fixes’ To Economic Woes
U.S. manufacturing production continued to plummet in the first quarter of 2009 and global contagion continues, but a confluence of factors portend a modest rebound in 2010, according to the Manufacturers Alliance/MAPI U.S. Industrial Outlook: The Great Recession, a quarterly report that analyzes 27 major industries.
On an annual basis, MAPI forecasts manufacturing production to fall 12% in 2009 and grow 2% in 2010. Manufacturing industrial production, measured on a quarter-to-quarter basis, declined at a 22% annual rate in first quarter 2009 after falling at an 18% annual rate in fourth quarter 2008.
Production in non-high-tech manufacturing dropped by a precipitous 22% annual rate in the first quarter of 2009. Non-high-tech …
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