Long, Intense Recession Continues But Eventual End in Sight, MAPI Says

Manufacturing production will likely fall 12 percent in 2009, grow by 2 percent in 2010; severe decline will be followed by modest rebound, Alliance predicts


Arlington, VA — May 27, 2009 — U.S. manufacturing production continued to plummet in the first quarter of 2009 and the global contagion continues, but a confluence of factors portend a modest rebound in 2010, according to a new report from the Manufacturers Alliance/MAPI.

In its report, "U.S. Industrial Outlook: The 'Great' Recession," which analyzes 27 major industries, MAPI forecasts manufacturing production to fall 12 percent in 2009 and grow 2 percent in 2010 on an annual basis.