Industrial Sector Seen No Longer in Freefall

Manufacturers Alliance/MAPI index nudges slightly upward from historic low, first improvement since 2007; tentative signs of turnaround, despite fall in individual indexes

Arlington, VA — July 22, 2009 — The road to recovery in the manufacturing sector will likely be slow, arduous and painstaking, but there is some evidence that the worst has passed, according to a quarterly survey by the Manufacturers Alliance/MAPI.