Manufacturers continue to report a steady improvement in business, according to the Manufacturers Alliance for Productivity and Innovation (MAPI) quarterly business outlook survey released today.
The survey’s composite index, a leading indicator for the manufacturing sector, improved from 66 to 67, the highest level since September 2011. This marks 17 quarters of the survey reading above 50, the dividing line for growth in the sector.
“The increase in the composite index and the continued improvement in most individual indexes signal that there is momentum pushing manufacturing activity and that activity is expected to increase over the next three to six months,” said Donald A. Norman, MAPI senior economist and survey coordinator. “The results suggest the sector has reason for optimism for all of 2014.” Read More
By Steve Minter