Number of U.S. manufacturing plants now at 305,000
The recovery has been slow, but manufacturing is almost back to its pre-recession level and could be poised to make additional gains, according to the most recent U.S. Economic and Manufacturing Outlook from the Manufacturers Alliance for Productivity and Innovation.
During MAPI’s quarterly economic forecast webinar, chief economist Daniel J. Meckstroth highlighted the sector’s improvements since 2008, when the Great Recession decimated production and shuttered plants across the country.