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Manufacturing Slows

11:12 AM MST | December 19, 2007 | Arnold Pearlman

Growth in the manufacturing sector slowed significantly in 2007, compared to “reasonably strong” growth over the last three years, analysts say. On a year-to-date basis, manufacturing output has advanced 2.1% so far, and is currently 0.7% below the peak reached in July. That compares to growth of 3.4% in 2006 and 4.4% in 2005. Production of durable goods is running 2.4% ahead of last year, however, spurred by strong expansions in the aerospace and electrical equipment sectors. Nondurables have advanced only 1.2% this year, and output in the apparel...

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