Business index reaches highest level in two years

Manufacturing News, Source : TheManufacturer.com
Published : 12 Jul 2002 18:30

The quarterly Manufacturers Alliance/MAPI index has risen to 63%, reaching its highest point since June 2000, when it reached 64%.

The improvement continues the steady upward trend for the index since reaching its all-time low of 34% in March of last year; it had rebounded to 52% by March of this year. In a press release, the group said, “Today’s release provides solid evidence for growth in manufacturing. A composite business index above 50% indicates that overall manufacturing activity is expected to increase over the next three months.”

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