Lingering Challenges Limit Rise in 2013, but the Long-Term Outlook for Manufacturing is Promising.
At the beginning of 2012, many of us felt that the year would usher in a period of strong resurgence for American manufacturing. But despite promising first and second quarters, industry growth rates were hampered throughout the remainder of the year. The fiscal cliff, changes in health care, the economic decline in Europe, uncertainty over tax rates, and new federal regulations caused many U.S. manufacturers to delay making investments in new equipment, systems, and talent.
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