Manufacturing Performance
A year ago, manufacturing executives expected that their 2012 plant sales would increase by 9% (median) and 10.5% (average), according the 2011 MPI Manufacturing Study.[1] Those projections may yet turn out to be true given recent U.S. Department of Commerce data. Despite a modest drop in value of manufacturing shipments from May to June this year, the value of all manufacturing shipments year-to-date rose 5.8% across all industries vs. 2011 (not seasonally adjusted).[2] Both durable goods and non-durable goods shipments posted year-to-date increases, 9.1% and 3%, respectively. Primary metals lead the durable goods sector with a 20.9% increase; plastics and [...]