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.
Manufacturing Activity June 2013
Wednesday, June 19, 2013