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Economy in Brief

MAPI Business Outlook Improved  
by Tom Moeller April 18, 2005

The 1Q '05 Composite Business Index published by the Manufacturers' Alliance/MAPI improved slightly to 71 from 70 the prior quarter.

Since 1992 there has been a 68% correlation between the Composite Index Level and quarterly growth in factory sector output.

The current orders index improved a point to 90. The export orders index also nudged up a point to 90, but that was a new record level.

The profit margins index slipped modestly for the second quarter but remained near a record level and capital spending intentions for the coming year fell modestly.

For the latest press release from the MAPI click here.

Manufacturers' Alliance/MAPI Survey 1Q '05 4Q '04 1Q '04 2004 2003 2002
Composite Business Index 71 70 78 76 67 60
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