Industrial production may finally be settling into a steadier rhythm, after a sluggish first half of the year.

In its quarterly economic forecast, the Manufacturers Alliance for Productivity and Innovation predicts that production will increase 2.2% in 2013 and 3.2% in 2014.

While a bit lower than earlier estimates, which anticipated 3.1% growth for 2013 and 3.6% growth for 2014, the figures are indicative of a period of moderate growth, MAPI says.

The same is true of the GDP, although to a lesser extent, MAPI says.

The GDP (adjusted for inflation) is anticipated to increase 1.6% in 2013 and 2.8% in 2014, down from May estimates of 1.8% and 2.8%, respectively.

However, expectations for 2015 show even more hints of a recovery, as MAPI predicts a 4.1% growth in industrial production and a 3.4% improvement in GDP.

“The outlooks for both the U.S. economy and the global economy are falling into place,” says MAPI Chief Economist Daniel J. Meckstroth, Ph.D.