MAPI Business Outlook: Manufacturing finds its footing
Early indications suggest 2014 on track to avoid second-half softening.
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Despite some concerns with current business conditions, near-term prospects for the manufacturing sector look bright, according to the quarterly Manufacturers Alliance for Productivity and Innovation (MAPI) MAPI Business Outlook.
The survey’s composite index, a leading indicator for the manufacturing sector, improved to 69 in march 2014 from 67 in the December 2013 survey. It marks the fifth straight quarterly advance and the highest level since the March 2011 reading of 72. For 18 quarters, the index has remained above the threshold of 50, the dividing line separating contraction and expansion.
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About the AuthorJosh Bond, Senior Editor Josh Bond is Senior Editor for Modern, and was formerly Modern’s lift truck columnist and associate editor. He has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce University.
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