WASHINGTON—A recent study by the National Association of Manufacturers (NAM) found that orders are on the upswing and that various positive trends are setting the stage for stronger economic growth later this year that will include an improvement in manufacturing.
Currently, however, manufacturing overall remains stalled and the economy sluggish. “Manufacturing production has been on the decline since last August, capital spending declined in the first quarter, unemployment rose to 6%, and global growth is sluggish, says Jerry Jasinowski, NAM’s president.