Manufacturers Alliance/MAPI: 'Worst Industrial Recession' In 20 Years

Jan. 13, 2005
By John S. McClenahen U.S. industrial production -- the output of the nation's manufacturers, mines and utilities -- fell 0.3% in November, according to figures released Dec. 14 by the Federal Reserve System. Manufacturing output declined 0.2% and, ...
ByJohn S. McClenahen U.S. industrial production -- the output of the nation's manufacturers, mines and utilities -- fell 0.3% in November, according to figures released Dec. 14 by the Federal Reserve System. Manufacturing output declined 0.2% and, except for a 6.4% increase in the production of motor vehicles and their parts, would have dropped 0.7%. Manufacturing output fell 0.9% in both September and October of this year. "The latest industrial production figures confirm that this is the worst industrial recession since 1981-82," states Thomas J. Duesterberg, president and CEO of the Manufacturers Alliance/MAPI, an Arlington, Va.-based research group. U.S. factories operated at just 73% of their capacity in November, down a significant 6.2 percentage points from their November 2000 level and an even larger 8.1 percentage points below the average capacity utilization rate for the years 1967-2000.

Popular Sponsored Recommendations

3D Printing a More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

Modern Edge Computing Accelerates Smart Manufacturing Initiatives for Discrete Manufacturers

Oct. 22, 2023
Discover how Edge Computing platforms are a requisite for discrete manufacturers to solve production challenges, accelerate digitalization, and establish a reliable infrastructure...

Lean Manufacturing in the Age of the Industrial Internet

Oct. 24, 2023
Read how advanced MES capabilities can help you improve your labor utilization, reduce WIP, and optimize your production. Download the white paper today.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!