Manufacturing To Trail GDP Growth In 2006 And 2007

During the next two years, the overall U.S. economy is likely to grow faster than manufacturing, forecasts the Manufacturers Alliance/MAPI, an Arlington, Va.-based business and public policy research group.

It foresees GDP, adjusted for inflation, growing 3.3% in 2006 and 2.9% in 2007, while manufacturing production is expected to increase 2.5% and 2.2%, respectively. (In contrast, manufacturing production is expected to increase 3.4% this year.)

Production of computers and electronic products is expected to increase significantly as spending on these high-tech goods rises 13% next year and 10.7% in 2007. Production of non-high-tech products is expected to increase just 2.3% next year and 1.6% in 2007.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish