Manufacturing Activity October 2013
While showing modest improvement since the spring of this year, actual production data have been weaker than the Purchasing Managers’ Index would suggest. After a strong advance of 0.5 percent in August, manufacturing output growth remained positive but slowed considerably to 0.1 percent in September. Output gains in September were fairly narrow, coming principally from strong production advances in motor vehicles and machinery. Moderation in the pace of the U.S. housing rebound appears to have impacted the production of furniture, which contracted by a fairly sharp 0.7 percent in September. The slowdown in residential investment growth was also a likely contributor to the 1.5 percent contraction in the output of electrical equipment.
We are forecasting that production will increase by 3.2 percent in 2014 and by 4.1 percent in 2015.
Download PowerPoint slides. For members Only Login required.
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.