Survey: Industrial sector shows improvement in June

07/20/2009 | Industrial Distribution online

The flagging industrial sector is showing signs of life, according to the quarterly Manufacturers Alliance/MAPI Survey. The June 2009 index of 24 marks the first improvement in the reading since June 2007, although a reading below 50 still indicates contraction. "The small rise in the composite index and the improvement in a few of the individual indexes indicate that the manufacturing sector is no longer in a freefall," said Donald A. Norman, economist for MAPI.

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