U.S. manufacturing to rebound in 2010 - survey

Newswire

WASHINGTON, May 27 (Reuters) - The U.S. manufacturing sector will likely see a pickup in growth in 2010 as a "confluence of factors portend a modest rebound" next year, a manufacturing survey showed on Wednesday. Manufacturing production is expected to fall 12 percent in 2009 but grow 2 percent in 2010, Manufacturers Alliance/MAPI said in its quarterly industrial outlook. Manufacturing industrial production, measured on a quarter-to-quarter basis, declined at a 22 percent annual rate in ...

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