Manufacturing To Trail GDP Growth In 2006 And 2007

Nov. 22, 2005
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, ...

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.

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