Manufacturing & The Economy
Results from NABE’s July 2013 Industry Survey indicate that sales continued to advance in the second quarter of 2013, although at a slower pace than at any time in the past year, says Timothy Gill, Chair of the NABE Industry Survey Committee and Vice President of Business Information & Statistics at The Aluminum Association. “Over one-third of survey respondents indicate that sales rose at their firms in the April-to-June period, more than double the percentage reporting a sales decline. Still, a higher share had reported rising sales and a lower share had reported falling sales in the first quarter of 2013, possibly reflecting increased headwinds from a weak global economic environment and tighter domestic fiscal policy in the latest period.
“Nonetheless, the survey results point to a stepped-up rate of employment growth in the last three months as the proportion of respondents indicating payrolls rose at their firms in the last quarter outpaced the share reporting declining payrolls by the widest margin since the fourth quarter of 2011.”