Business Outlook Survey Shows Improvement on Horizon for Industrial Sector

Arlington, VA — October 20, 2009 — The drip-drip-drip of less-bad news on the economy continued as the latest quarterly report from the Manufacturers Alliance/MAPI showed that while the economic recovery in manufacturing is likely to be marked with numerous rough patches, signs are finally emerging that the sector can expect brighter days ahead, including increasing backlogs and record-low inventories.

In the alliance's quarterly "Survey on the Business Outlook" for September 2009, a leading indicator for the industrial sector, the composite index rose to 38 from a near-historic low of 24 reported in the June 2009 report. It also represents the highest level in a year, since an index of 48 was recorded in September 2008.