Manufacturing expected to show 4.1% growth in 2011

Source: MAPI

Sep 02, 2011

The Manufacturers Alliance/MAPI Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product (GDP) will expand by 1.6% in 2011 and by 2.1% in 2012. The 2011 forecast represents a downgrade over the previously estimated 2.7% growth, while the 2012 forecast is down from 2.9% growth anticipated in the May 2011 quarterly report.

Manufacturing production will outpace the overall economy and is expected to show 4.1% growth in 2011 and 3.2% growth in 2012. Both figures have been adjusted downward from MAPI’s May forecast of 6.2% and 4.2%, respectively. Manufacturing is expected to see a hiring increase with the sector forecast to add 270,000 jobs in 2011 and 273,000 jobs in 2012.

Learn more about the Manufacturers Alliance/MAPI Quarterly Economic Forecast

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments