MAPI survey reveals slow growth in manufacturing

MAPI's latest Survey on the Business Outlook revealed mixed numbers for manufacturing, indicating that the slowdown that started last spring seems to be over but that growth in the industry is nominal. While the composite index for December remained above 50, it fell to 55 from September's 56, and six of the 13 individual indexes decreased, six increased and one was unchanged. "The rapid slowdown in the growth of manufacturing production that began in March 2012 appears to have bottomed out and the outlook is for slow expansion over the next three to six months," said MAPI senior economist and survey coordinator Donald A. Norman.

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