Exports support the manufacturing sector

July 18th, 2008 at 11:06am Mark Podemski

I came across this quote regarding the June 2008 composite index from manufacturing.net: “This quarter’s results unequivocally reflect slowing activity in manufacturing and offer little prospect for an overall increase in activity over the next three months,” said Donald A. Norman, Ph.D., MAPI Economist and survey coordinator. “The news, however, is not all bad. The rise in indexes for backlogs, non-U.S. prospective shipments, and non-U.S. investment, coupled with the strength of the indexes for capacity utilization and exports, indicate that most of the manufacturing sector is holding up much better than it did in the last recession largely because non-domestic business continues to grow.”  For more information, visit http://www.mapi.net.

This continues to reinforce the importance of developing international strategies for growth.  The RAEDC is assembling a delegation for the third straight year to visit the Swedish American Chamber of Commerce’s Entrepreneurial Days in Stockholm this Sept 15-16.  Contact the RAEDC office at 815-987-8118 for more information.

Entry Filed under: Networking, Export, Economy