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by David R. Brousell, MA Editorial Staff Posted on Tuesday, February 19, 2008 2:43:21 PM   | Abstract: | Researchers see manufacturers' confidence levels sagging as 2008 approaches. |
Two other studies conducted in the industrial market in the final months of last year also show that economic growth and confidence levels among manufacturers are in troubled waters as 2008 begins. An economic forecast by The Manufacturers Alliance/MAPI, a nonprofit economic and policy research organization whose membership includes U.S.-based and international companies in manufacturing and related business services, predicted in November that inflation-adjusted GDP growth in the United States would slow to 2.1% in 2007 and to 1.3% in 2008. The Manufacturers Alliance/MAPI also predicted that manufacturing production growth would decline to 1.9% in 2007 and would remain flat this year, compared with 4.7% growth in 2006. In an earlier forecast conducted in August, manufacturing production growth was estimated at 2% in 2007 and 2.9% in 2008. [Click to continue] |