Manufacturing Growth May Moderate
Seven of 10 factors measured in a recent survey were lower than in a previous report, confirming the downward trend of other recent economic indicators. Some rose, however, including the exports orders, capacity utilization and profit margin indexes.
The three-year growth acceleration in the industrial sector is expected to hit a modest speed bump in the next three to six months, according to the Manufacturers Alliance/MAPI Survey on the Business Outlook.
The September 2006 composite index of 64 is down from 71 reported in the June 2006 survey. The number is the lowest since an index of 60 was recorded in the June 2003 survey, but continues to indicate that the industrial component of the U.S. economy remains on a growth trajectory.
The survey reflects ...