Index's quarterly increase shows rising industry confidence, MAPI's Norman says

04/23/2014 | IndustryWeek

MAPI's quarterly Business Outlook survey reported that the composite index rose to 69, from 67 last quarter. That was the fifth consecutive quarterly increase and the highest reading since March 2011. The news bodes well for the manufacturing industry, says Donald A. Norman, MAPI senior economist and survey coordinator. The continued improvement in the composite index and the rise in all of the forward-looking individual indexes "signal growing confidence that manufacturing activity in 2014 will exceed its 2013 level," he says.

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