Light at the End of the Tunnel as MAPI Report Shows Recession Appears to Bottom Out

Weakness in 2009 to be followed by modest growth in 2010 and 2011, according to Manufacturers Alliance quarterly industrial outlook

Arlington, VA — September 10, 2009 — The U.S. manufacturing sector may finally be poised to shake off the worst period of industrial performance since the 1930s, but economic growth is likely to be relatively sluggish, according to the latest report out of the industry association Manufacturers Alliance/MAPI.

In "U.S. Industrial Outlook: The Recession Is Bottoming Out," a quarterly report that analyzes 27 major industries, MAPI forecasts manufacturing production to fall 12 percent in 2009 on an annual basis, preceding 3 percent growth in 2010 and 5 percent growth in 2011.