Manufacturing Activity

July 2003
U.S. Industry Quarterly Review: Manufacturing & Mining;2003 3rd Quarter, p19
Industry Profile
Industry Overview
This article presents an overview of the U.S. manufacturing and mining industry, as of July 1, 2003. Quality adjustments have always biased the industrial production computer statistics upward, but with year-over-year gains exceeding 20%, computer output levels have actually improved substantially. Semiconductors and other electrical component production is up 15-18% over the past year. Communications equipment remains the high-tech sector's weak link. It has stayed down nearly 10% from a year earlier for much of 2003.


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