Mirroring the downturn in the overall U.S. economy, the manufacturing sector is expected to face significant challenges in the near-term according to the quarterly Manufacturers Alliance/MAPI Survey on the Business Outlook, an indicator for the industrial sector. The June 2008 composite index registered a drop to 50 from 57 as reported in the March 2008.
At this level, the index indicates that overall manufacturing activity is expected to remain flat over the next three to six months. It should be noted, however, that the index measures the direction of change rather than the absolute strength of activity in manufacturing.
While a variety of individual indexes is included in the survey, the business outlook index is a weighted sum of the …
Forecast: Manufacturing Sector Will Face ‘Significant Challenges’ in Near-Term
Mirroring the downturn in the overall U.S. economy, the manufacturing sector is expected to face significant challenges in the near-term according to the quarterly Manufacturers Alliance/MAPI Survey on the Business Outlook, an indicator for the industrial sector. The June 2008 composite index registered a drop to 50 from 57 as reported in the March 2008.
At this level, the index indicates that overall manufacturing activity is expected to remain flat over the next three to six months. It should be noted, however, that the index measures the direction of change rather than the absolute strength of activity in manufacturing.
While a variety of individual indexes is included in the survey, the business outlook index is a weighted sum of the …
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