8/1/2013

Donald A. Norman, Ph.D., senior economist
Manufacturing production increased 0.3% in June. Machinery production rose 1.5%, motor vehicles was up 1.3% and medical equipment and supplies increased 1.4%. The moderate gain in manufacturing production was not uniform across industries; production in 10 of the 24 industries reviewed declined. The mixed results in other manufacturing industries reflect inventory corrections in response to weak domestic demand, adverse trade positions and structural change. MAPI forecasts that manufacturing production will increase 3.1% in 2013 and 3.6% in 2014. Economic Update

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