Manufacturers Are Still Singing The Blues

Although demand is rising, industry still appears to be in the soup. The Manufacturers' Alliance for Productivity & Innovation's survey of some 125 major manufacturing companies in August and September indicates that business activity, though expanding, is not expected to rise above year-earlier levels this year. Moreover, most companies still think their inventories are too high and report that profit margins are still eroding. The survey's brightest note: an overwhelming belief that better business lies ahead next year.

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