While there will likely be significant deceleration in manufacturing growth in 2007, the second quarter showed signs of resiliency, and 2008 looms as an improvement, according to the MAPI Quarterly Industrial Outlook, a report that analyzes 27 major industries.
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Manufacturing industrial production expanded at a 3.9 percent annual rate in second quarter 2007, far better than the weak 0.8 percent in the first quarter. For the year as a whole, though, the report predicts that manufacturing production growth will decelerate from the 4.7 percent recorded in 2006 to 2 percent growth in 2007, before rebounding to 2.9 percent growth in 2008.
  ;
An improvement in manufacturers’ exports in most industries and the end of an inventory drawdown explains the bounce back in …
Report: Manufacturing Showed Resiliency in 2Q
While there will likely be significant deceleration in manufacturing growth in 2007, the second quarter showed signs of resiliency, and 2008 looms as an improvement, according to the MAPI Quarterly Industrial Outlook, a report that analyzes 27 major industries.
  ;
Manufacturing industrial production expanded at a 3.9 percent annual rate in second quarter 2007, far better than the weak 0.8 percent in the first quarter. For the year as a whole, though, the report predicts that manufacturing production growth will decelerate from the 4.7 percent recorded in 2006 to 2 percent growth in 2007, before rebounding to 2.9 percent growth in 2008.
  ;
An improvement in manufacturers’ exports in most industries and the end of an inventory drawdown explains the bounce back in …
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