Overall, U.S. manufacturing production will continue to expand in 2006. But the rate of growth will slow to 3%, below the 3.4% expected for this year and the 4.8% recorded in 2004, predicts the Manufacturers Alliance/MAPI, an Arlington, Va.-based business and public policy research group.
Its initial forecasts for 19 selected industries show 18 posting production growth in 2006. The exception: motor vehicles.
Alphabetically, by industry, here are the alliance's projected production percentages.
- Aerospace products and parts: up 9% in 2006, half again as good as 2005's 6% increase.
- Alumina and aluminum: up 10% in 2006, reversing a 1% decline in 2005.
- Appliances: up 3% in 2006, the same as 2005, as household appliance demand continues.
- Chemicals: up 6% in 2006, following a 1% increase in 2005.
- Communications equipment: up 15% in 2006, following a 17% increase in 2005.
- Construction machinery: up 9% in 2006, reversing 2005's 2% decline.
- Electrical equipment: up 4% in 2006, a repeat of 2005's 4% increase.
- Electronic instruments: up just 2% in 2006, much lower than 2005's 12% increase.
- Engine, turbine and power- transmission equipment: up 4% in 2006, just a third of 2005's 12% increase.
- Fabricated metal products: up 4% in 2006, twice 2005's 2%.
- HVAC equipment: up 13% in 2006, more than four times 2005's 3% increase.
- Industrial machinery: up 10% in 2006, after rising 7% this year.
- Lighting equipment: up 11% in 2006, 11 times 2005's 1% increase.
- Medical equipment and supplies: up 7% in 2006, somewhat slower than 2005's 10% increase.
- Metalworking machinery: up 10% in 2006, a bit better than 2005's 7% increase.
- Mining, oil field and gas field machinery: up 7% in 2006, half 2005's 14% increase.
- Motor vehicles and parts: down 1% in 2006, a reversal from 2005's 2% increase.
- Paper and paper products: up 3% in 2006, following 2% growth in 2005.
- Pharmaceuticals and medicine: up 4% in 2006, twice 2005's 2% increase.
- Steel: up 7% in 2006, seven times 2005's 1% increase.
