Manufacturing Continues to Show Strength
March 12, 2021High-level analytical models from Armada and MN&A show that the outlook for manufacturing over the next 18 months is likely to stay ahead of its 20-year average growth trend. The latest forecast released in the Armada Strategic Intelligence System (ASIS) shows industrial production for manufacturing growth of 5.22% in 2021. This comes after a 2.6% contraction in 2020.
The outlook shows a sharp recovery period lasting through September of this year before easing and flattening out through August of next year (note the ASIS chart showing the forecast). …
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