MAPI Business Outlook: Manufacturing finds its footing
April 29, 2014
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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