Strong 2015 Predicted for Manufacturing

According to a new report recently  released by The MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation (MAPI), the solid growth in jobs and increasing replacement demand for equipment will provide a stable base for overall economic growth in 2016.

The MAPI Foundation predicts that inflation-adjusted gross domestic product will expand 2.8% in 2015 and 3.0% in 2016. Both are declines from the August report—of 3.0% and 3.3%, respectively.

Manufacturing production is expected to outpace GDP, with anticipated growth of 3.5% in 2015 (a decrease from 4.0% in the previous forecast) and 3.9% in 2016 (an increase from 3.6% in the August report).

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