MAPI survey indicates continued growth in manufacturing over past two years
It can sometimes be difficult to accurately determine the status of manufacturing in the U.S. Media items appear on a fairly regular basis claiming that the sector is seriously suffering, but it is just as easy to find reports, statistics and news stories stating that the opposite is true.
As an example of an item in the latter category, the most recent Manufacturers Alliance for Productivity and Innovation (MAPI) survey found that the industry has grown in some fashion or another for eight consecutive quarters, according to IndustryWeek.
The news source reports that not all of the indexes measured experienced specific gains. Some rose while others fell, including the composite index, which dropped from its June total of 68 to 67. However, since this quarter is the eighth in a row where the composite index has remained above the 50 percent line, it is still fair to state that continued growth has occurred. This was confirmed by MAPI economist Donald A. Norman, Ph.D.
"This quarter's survey results point to continued growth, but at a slower rate," Norman told the news source. "The forward-looking indexes came in at relatively high levels, and at 43.3 percent capacity, utilization is quite high."
Earlier this month, the Institute for Supply Management (ISM) index rose from 50.6 in September to 51.6, according to Bloomberg.