Manufacturing's Recovery Scorecard: 4 And 33

Jan. 13, 2005
By John S. McClenahen The encouraging news for U.S. manufacturers is that in the calendar quarter just completed four industries produced more goods than during their pre-recession peak quarters. Household appliances did 4.8% better. Computers and ...
ByJohn S. McClenahen The encouraging news for U.S. manufacturers is that in the calendar quarter just completed four industries produced more goods than during their pre-recession peak quarters. Household appliances did 4.8% better. Computers and office equipment were 3.9% higher. Service industry machinery was 0.4% on the plus side, and electronic components eked out a 0.3% increase, figures Daniel J. Meckstroth, chief economist at Manufacturers Alliance/MAPI, an Arlington, Va.-based business policy association of 450 manufacturing firms. The 33 industries he says are still below their pre-2001 recession peaks include autos, textiles and aluminum. Their shortfalls range from 1.3% for pressed and blown glass to 36% for aircraft and aircraft parts. Meckstroth's bottom line: Although they are recovering, most manufacturers won't be operating at pre-recession levels for another year.

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