Manufacturing Activity June 2013
Vice President and Chief Economist Dan Meckstroth reviews the most recent manufacturing data. The manufacturing industrial production index increased by 0.1 percent in May after falling by a strong 0.4 percent in April and 0.3 percent in March. On a year-over-year basis, the index is 1.7 percent higher in May 2013 than one year ago. The small production gain in May was the difference between some large increases and large declines in major industries. MAPI forecasts that manufacturing production will increase 3.1 percent in 2013 and grow 3.6 percent in 2014.
The MAPI Foundation
Manufacturing executives, policymakers, the media, and the association community rely on the MAPI Foundation’s unbiased research, forecasting, and rich analyses to gain unbiased insight into the challenges and opportunities facing the manufacturing sector. Our highly respected economists and business analysts use proprietary models to generate regular forecasts for global manufacturing activity. They also produce data-driven policy analyses that provide insights into major topics influencing manufacturing competitiveness, including energy, tax, the labor market, global trade, innovation, and regulations. Our team regularly delivers keynote presentations at major industry events and board meetings, and for major media outlets we serve as a trusted expert on the manufacturing economy.
The foundation is the research affiliate of the Manufacturers Alliance for Productivity and Innovation. Founded in 1933, MAPI contributes to the competitiveness of U.S. manufacturing through professional development and executive education. Rather than lobbying, we leverage our position as a thought leader to raise awareness of what U.S. manufacturing needs to remain innovative, productive, and best in class.