Subscribe to our free, weekly email newsletter!


MAPI comments on industrial production report

Manufacturing activity was revised upward for both April and May.
By Modern Materials Handling Staff
July 16, 2013

The Federal Reserve reports that industrial production increased 0.3% in June, following no growth in May. Manufacturing industrial production also increased 0.3% in June. “Fortunately, manufacturing activity was revised upward for both April and May,” noted Daniel J. Meckstroth, Chief Economist for the Manufacturers Alliance for Productivity and Innovation. “The moderate gain in manufacturing production was not uniform across industries—production in 8 of the 20 main manufacturing industries declined while 12 industries posted growth.

“Importantly, though,” he added, “some of the largest manufacturing industries increased production at a fast pace in June. Machinery production rose 1.5%, motor vehicles and parts was up 1.3%, and miscellaneous manufacturing (driven largely by medical equipment and supplies) rose 1.4% last month. The mixed results in other manufacturing industries reflect inventory corrections to indicate slow domestic demand, adverse trade positions, and structural change.

“The quarter-to-quarter growth at annual rate, as GDP is measured, shows that manufacturing industrial production increased 5.1% in the first quarter and declined 0.2% in the second quarter of 2013,” Meckstroth said. “Inflation-adjusted GDP increased 1.8% in the first quarter and is forecast to increase 1.4% in the second quarter. Clearly, manufacturing production growth significantly outpaced overall economic growth early this year and has recently been correcting to the relatively slow pace of growth in the overall economy. Manufacturing should grow faster than GDP again in 2013, but the growth premium is narrowed by sluggish domestic demand and lackluster export opportunities.”

Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

The new name better represents how the company strategically partners with customers on lifecycle planning to maximize return on investment.

PMMI used the EXPO PACK México stage to announce that beginning in 2017, EXPO PACK Guadalajara and EXPO PACK México will alternate years.

This one-day WERC educational and networking event will be held at the Grapevine Convention Center in Grapevine outside Dallas on Tuesday, October 13.

HyPulsion was founded by Plug Power and Air Liquide in 2012 to build the adoption of hydrogen and fuel cells in Europe. Plug Power is now poised to convert the $20 billion European material handling lift truck market to hydrogen fuel cell power.

Widely known as the “father of robotics,” Engelberger launched the world’s first robotics company, Unimation, in 1956.

Article Topics

News · Economy · MAPI · All topics

About the Author

Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA