U.S. outlook: A pickup likely in 2014

03/12/2013

Daniel J. Meckstroth, Ph.D., vice president and chief economist
MAPI believes that the fourth quarter decline in economic activity is not the beginning of another recession or a harbinger of one. On the contrary, the end-of-year weakness was a correction in production to temporary surges in the third quarter. This quarterly report provides a detailed look at the health of the domestic manufacturing sector and reviews the performance of a selected group of its most important subsectors. The forecast is that manufacturing production will increase 2.2% in 2013 and 3.6% in 2014. Economic Outlook

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