Survey on the Business Outlook: March 2013
The Composite Business Outlook Index was 56 in March, up from 55 in December. This quarter’s increase, while small, is the first increase since June 2010, when the index reached a record high of 81. The investment indexes and the Profit Margin Index also increased. Most of the other indexes, however, fell. Nonetheless, the small rise in the composite index, coupled with the improvement in both investment indexes and the fact that the Annual Orders Index remains at a fairly high level, indicates that the sharp slowdown of manufacturing activity that began in March 2012 has bottomed out. Continued expansion is expected, although all signs point to a slow rate of growth over the next three to six months.
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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.