PMA Chairman Quoted by Associated Press on Springtime Manufacturing Growth
A number of reports, Wiseman notes, showed a slow in manufacturing growth during the especially cold and difficult winter. But those figures are turning around as the weather improves.
Wiseman explains that one factor helping to drive the growth is a recent increase in manufacturing. He points to Federal Reserve data which shows that factory production climbed 0.5 percent in the month of March. Wiseman concludes that US manufacturers are expecting more growth to follow.
To illustrate the improvement, Wiseman offers PMA Chairman and Batesville Tool & Die president and CEO Jody Fledderman.
“We feel like the auto industry is all the way back from before the recession,” the article quotes Fledderman as saying, “The numbers we see are fully recovered from then. We expect to see 4 to 8 percent increases in the industry overall for the next three or four years."
Read the full Associated Press story here.