Manufacturing,--American Manufacturing Recovering Faster Than Broader Economy

MAPI quarterly report predicts manufacturing industrial production to grow 6% in both 2010 and 2011. American manufacturing production grew at an annual rate of 7% between the months of February and April, according to a new report from the Manufacturers Alliance/MAPI released Thursday, which noted that consumer spending is rising, as is inventories, an indication that businesses are growing more confident about a recovery.