Industrial Outlook: Modest Acceleration in '06, Slowing in '07
September 10, 2006
Moderate acceleration in the manufacturing sector in 2006 will likely be followed by pronounced slowing in 2007, according to the Manufacturers Alliance/MAPI Quarterly Industrial Outlook-Second Quarter 2006, a report that analyzes 27 major industries.
In a sign of consistent strength in manufacturing, second quarter 2006 figures show that 19 of the 27 industries tracked in the report had inflation-adjusted new orders or production above the level of one year ago, thus indicating broad-based growth in the industrial sector.
Top industry performers in the second quarter, recording year-over-year double-digit growth, were mining and oil and gas field machinery (44 percent); communications equipment (34 percent); construction machinery (20 ...