This is an excerpt from an MHI blog post.
Despite growing faster than the overall economy since the recession ended, U.S. manufacturing is still only about 75 percent recovered. And their is a wide variation in the performance of industries within the sector, according to the Manufacturers Alliance for Productivity and Innovation (MAPI).
Manufacturing industrial production has increased faster than inflation-adjusted gross domestic product (increasing 18 percent while GDP expanded 9 percent), but manufacturing is still in the recovery phase of its cycle. Manufacturing production declined 20 percent in the recession, and production needs to increase another 5 percent from its Q2 2013 reading in order to return to Q4 2007 levels. MAPI forecasts that the sector will complete its recovery in Q4 2014.
The full post is available at MHI's website.
Power Pusher is a worldwide manufacturer and distributor of material handling solutions. With over 40 years of experience in the industry, Power Pusher has a competitive edge in providing reliable and cost-effective load-moving solutions that deliver tangible productivity and safety benefits in a wide variety of applications.
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