Don Norman reports that manufacturing production declined in May and the current activity is consistent with MAPI’s forecast of decelerating manufacturing growth starting in the second quarter of this year. Dr. Norman discusses the latest statistics for the manufacturing labor market, orders, production by industry, factory utilization, prices, and trade in this audiovisual report. He concludes that—taken together—the indicators show activity in manufacturing slowing from a very strong pace just a few months ago. He reiterates the forecast for manufacturing production growth this year and next.