MAPI Report shows manufacturing is on the rise.
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Press Release Summary:
According to analysis from Donald A. Norman, PhD, Economist for Manufacturers Alliance/MAPI, index of manufacturing production rose 0.7% in March, up from 0.1% in February even though overall industrial index fell by 0.2%. Production from durable goods manufacturing industries rose by 0.9%. Capacity utilization increased from 79.7% in February to 80.1%, which should spur additional capital spending.
Original Press Release:
MAPI Analysis: Despite Industrial Production Index Decline, Manufacturing Activity on the Rise
The following is an analysis from Donald A. Norman, Ph.D., Economist for the Manufacturers Alliance/MAPI, regarding the industrial production report for March 2007:
"Although the overall industrial index fell by 0.2 percent, due largely to the decline in output by the utility sector, the April report provides solid evidence that manufacturing sector activity is on the rise," said Don Norman, Economist for the Manufacturers Alliance/MAPI. "The index of manufacturing production rose 0.7 percent in March, up from 0.1 percent increase in February. Production from durable goods manufacturing industries did even better, rising by 0.9 percent. Capacity utilization increased from 79.7 percent in February to 80.1 percent. The relatively high rate of capacity utilization should spur additional capital spending."
