MAPI Says Manufacturing Outlook Improving #pauto #manufacturing #economics

A hat-tip to Fred Wentzel of the National Council for Advanced Manufacturing (NACFAM) for finding this in Industry Week magazine:

Manufacturing production is expected to grow 3.1% in 2013, says a new economic forecast, as improving fundamentals point to a stronger U.S. economy by the end of 2013 and into 2014.

The Manufacturers Alliance for Productivity and Innovation (MAPI) quarterly economic forecast raised its prediction for manufacturing growth from 2.2% in its February forecast, but did not change its prediction that manufacturing production will grow by 3.6% in 2014.

MAPI said the overall U.S. GDP is expected to grow 1.8% in 2013 and 2.8% in 2014. 

Read the whole story here.