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by Chris Chiappinelli, MA Editorial Staff
Posted on Thursday, August 28, 2008 3:42:38 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The latest Manufacturers Alliance/MAPI Industrial Outlook describes a manufacturing sector held captive by the poor performances of the construction and automotive sectors. |
| Keywords: | U.S. manufacturing, manufacturing production, production decline |
The U.S. manufacturing industry slid further off course in the second quarter, and a rebound may be a year or more away, according to a newly released study.
The Manufacturers Alliance/MAPI Quarterly Industrial Outlook, released today, shows that across 27 manufacturing sectors studied, industrial production declined at a 3.9% annualized rate in the second quarter of 2008, a much sharper decrease than the 1% drop-off MAPI reported for the first quarter.
MAPI, a non-profit manufacturing research organization, includes housing starts and construction in its manufacturing index, sectors whose enduring woes contributed strongly to the negative second-quarter numbers. Another significant drag was the automotive sector, which logged a 13% drop in production in Q2. Makers of household appliances, affected by the sagging housing market, found production down by 10% in the second quarter.
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