New data shows slump in manufacturing production, growth
The global economic crisis had the predictable impact on manufacturing this month. USA Today reports that a trio of economic reports paint a bleaker picture of manufacturing output and growth. The Manufacturers Alliance/MAPI report puts manufacturing output at its lowest level since 2001. And with more plant closures — real and rumored — it’s been a tough month fror a sector that economists have been reasonably pleased with in the past.
