The quarterly Manufacturers Alliance for Productivity and Innovation (MAPI) Survey on the Business Outlook, released last week, shows little change from the previous report: The sector continues to show slight growth as challenges loom.
The survey’s composite index, a leading indicator for the manufacturing sector, fell in December 2012 to 55 from 56 in the September 2012 survey. However, it remains above 50 which is the indicator of an expansion. A number below 50 indicates a contraction in business. Overall, six of the 13 indices decreased, including four of the six current business condition indices, and one remained flat....