u.s. industrial outlook eo-159 presented by: dan meckstroth, ph.d. vice president and chief...
DESCRIPTION
Table 2 – Forecasts for Manufacturing and Related Production U.S. Industrial Outlook Source(s): MAPI Foundation Annual Percent Change Housing starts Motor vehicles and parts Household appliance Pharmaceutical and medicine Iron and steel products Alumina and aluminum production and processing 0343 Fabricated metal products Basic chemicals Paper 001 Construction machinery Mining and oil and gas field machinery Industrial machinery 52633TRANSCRIPT
U.S. Industrial Outlook
EO-159
Presented by:Dan Meckstroth, Ph.D.Vice President and Chief [email protected]
Annual Percent Change
2015 2016 2017 2018 2019-20Manufacturing 1.8 2.6 3.0 2.8 2.3Computer and electronic products 1.4 4.3 5.7 5.5 2.9Non-high-tech manufacturing 1.9 2.1 3.0 2.6 2.2
Table 1 – Forecast for Manufacturing Production
U.S. Industrial Outlook
Source(s): MAPI Foundation
Table 2 – Forecasts for Manufacturing and Related Production
U.S. Industrial Outlook
Source(s): MAPI Foundation
Annual Percent Change
2015 2016 2017 2018 2019-20Housing starts 11 15 12 5 3Motor vehicles and parts 9 7 3 -1 -2Household appliance 6 4 4 2 1Pharmaceutical and medicine 3 2 4 4 2Iron and steel products -10 0 0 1 1Alumina and aluminum production and processing -1 0 3 4 3
Fabricated metal products 0 0 3 3 2Basic chemicals 3 3 5 7 6Paper -1 -1 0 0 1Construction machinery 7 -3 2 6 2Mining and oil and gas field machinery -15 -21 14 17 12Industrial machinery 5 2 6 3 3
Table 2 – Forecasts for Manufacturing and Related Production (continued)
U.S. Industrial Outlook
Source(s): MAPI Foundation
Annual Percent Change
2015 2016 2017 2018 2019-20Ventilation, heating, air conditioning, and commercial refrigeration equipment 2 4 5 3 1
Metalworking machinery -1 -2 4 3 3Engine, turbine, and power transmission equipment 2 -3 4 5 2
Communications equipment -2 5 5 4 3Navigational, measuring, electromedical, and control instruments 3 4 4 3 2
Electric lighting equipment -3 0 3 6 2Electrical equipment 4 3 2 3 2Medical equipment and supplies 2 3 3 3 4Aerospace products and parts 2 3 5 5 7Private nonresidential construction 13 9 2 2 3Public works construction 5 1 1 1 1
U.S. Industrial Outlook
Figure 1 – Industrial Sector by Phase of Cycle, November 2015
Source(s): MAPI Foundation
Figure 2a – Housing Starts20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)500
600
700
800
900
1000
1100
1200
1300
1400
1500
1600
Thou
sand
s of
Uni
ts
F=ForecastSource(s): U.S. Bureau of the Census and MAPI Foundation
U.S. Industrial Outlook
Figure 2b – Housing StartsAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-50
-40
-30
-20
-10
0
10
20
30
40
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): U.S. Bureau of the Census and MAPI Foundation
U.S. Industrial Outlook
Figure 3a – Motor Vehicles and Parts Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)50
60
70
80
90
100
110
120
130
140
150
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 3b – Motor Vehicles and Parts ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-50
-40
-30
-20
-10
0
10
20
30
40
50
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 4a – Household Appliance Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)90
95
100
105
110
115
120
125
130
135
140
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 4b – Household Appliance ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-25
-20
-15
-10
-5
0
5
10
15
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 5a – Pharmaceutical and Medicine Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)90
95
100
105
110
115
120
125
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 5b – Pharmaceutical and Medicine ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-10
-5
0
5
10
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 6a – Iron and Steel Products Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)65
70
75
80
85
90
95
100
105
110
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 6b – Iron and Steel Products ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-60
-40
-20
0
20
40
60
80
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 7a – Alumina and Aluminum Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)70
7580859095
100105110115120125130135
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 7b – Alumina and Aluminum ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-30
-20
-10
0
10
20
30
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 8a – Fabricated Metal Products Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)80
85
90
95
100
105
110
115
120
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 8b – Fabricated Metal Products ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-30
-25
-20
-15
-10
-5
0
5
10
15
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 9a – Basic Chemicals Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)80
90
100
110
120
130
140
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 9b – Basic Chemicals ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-35
-30-25-20-15-10-505
10152025
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 10a – Paper Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)90
95
100
105
110
115
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 10b – Paper ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-20
-15
-10
-5
0
5
10
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 11a – Construction Machinery Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)50
55
60
65
70
75
80
85
90
95
100
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 11b – Construction Machinery ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-50
-40
-30
-20
-10
0
10
20
30
40
50
60
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 12a – Mining and Oil and Gas Field Machinery Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)60
70
80
90
100
110
120
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 12b – Mining and Oil and Gas Field Machinery ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-30
-20
-10
0
10
20
30
40
50
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 13a – Industrial Machinery Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)80
85
90
95
100
105
110
115
120
125
130
135
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 13b – Industrial Machinery ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-40
-30
-20
-10
0
10
20
30
40
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 14a – Ventilation, Heating, Air Conditioning, and Commercial Refrigeration Equipment Production
2007
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)80
85
90
95
100
105
110
115
120
125
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 14b – Ventilation, Heating, Air Conditioning, and Commercial Refrigeration Equipment Production
Apr-
07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-30
-20
-10
0
10
20
30
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 15a – Metalworking Machinery Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)60
70
80
90
100
110
120
130
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 15b – Metalworking Machinery ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-40
-30
-20
-10
0
10
20
30
40
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 16a – Engine, Turbine, and Power Transmission Equipment Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)60
70
80
90
100
110
120
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 16b – Engine, Turbine, and Power Transmission Equipment ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-30
-20
-10
0
10
20
30
40
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 17a – Material Handling Equipment New Orders20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)24
25
26
27
28
29
30
31
32
33
34
35
Billi
ons
of 2
012
Dolla
rs
F=ForecastSource(s): U.S. Bureau of the Census and MAPI Foundation
U.S. Industrial Outlook
Figure 17b – Material Handling Equipment New OrdersAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
-40
-30
-20
-10
0
10
20
30
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): U.S. Bureau of the Census and MAPI Foundation
U.S. Industrial Outlook
Figure 18a – Electronic Computer Equipment Shipments20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)0
5
10
15
20
25
30
35
40
45
50
Billi
ons
of D
olla
rs
F=ForecastSource(s): U.S. Bureau of the Census and MAPI Foundation
U.S. Industrial Outlook
Figure 18b – Electronic Computer Equipment ShipmentsAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
-70-60-50-40-30-20-10
0102030405060
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): U.S. Bureau of the Census and MAPI Foundation
U.S. Industrial Outlook
Figure 19a – Communications Equipment Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)90
95
100
105
110
115
120
125
130
135
140
145
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 19b – Communications Equipment ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-20
-15
-10
-5
0
5
10
15
20
25
30
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 20a – Semiconductor Global Billings20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)75
80
85
90
95
100
105
110
115
Billi
ons
of D
olla
rs
F=ForecastSource(s): Semiconductor Industry Association and MAPI Foundation
U.S. Industrial Outlook
Figure 20b – Semiconductor Global BillingsAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
-50
-40
-30
-20
-10
0
10
20
30
40
50
60
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Semiconductor Industry Association and MAPI Foundation
U.S. Industrial Outlook
Figure 21a – Navigational, Measuring, Electromedical, and Control Instruments Production
2007
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)80
85
90
95
100
105
110
115
120
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 21b – Navigational, Measuring, Electromedical, and Control Instruments Production
Apr-
07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-15
-10
-5
0
5
10
15
20
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 22a – Electric Lighting Equipment Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)90
95
100
105
110
115
120
125
130
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 22b – Electric Lighting Equipment ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-30
-25
-20
-15
-10
-5
0
5
10
15
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 23a – Electrical Equipment Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)90
95
100
105
110
115
120
125
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 23b – Electrical Equipment ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-25
-20
-15
-10
-5
0
5
10
15
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 24a – Medical Equipment and Supplies Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)90
95
100
105
110
115
120
125
130
135
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 24b – Medical Equipment and Supplies ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-5
0
5
10
15
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 25a – Aerospace Products and Parts Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)80
90
100
110
120
130
140
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 25b – Aerospace Products and Parts ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-30
-20
-10
0
10
20
30
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 26a – Oil and Gas Well Drilling Production20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)55
60
65
70
75
80
85
90
95
100
105
Inde
x 20
12=1
00
F=ForecastSource(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 26b – Oil and Gas Well Drilling ProductionAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
Oct
-15-60
-40
-20
0
20
40
60
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): Federal Reserve Board and MAPI Foundation
U.S. Industrial Outlook
Figure 27a – Private Nonresidential Construction Put-in-Place20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)260
280300320340360380400420440460480500
Billi
ons
of 2
012
Dolla
rs
F=ForecastSource(s): U.S. Bureau of the Census and MAPI Foundation
U.S. Industrial Outlook
Figure 27b – Private Nonresidential Construction Put-in-PlaceAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
-30
-20
-10
0
10
20
30
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): U.S. Bureau of the Census and MAPI Foundation
U.S. Industrial Outlook
Figure 28a – Public Construction Put-in-Place20
07
2008
2009
2010
2011
2012
2013
2014
2015
(F)
2016
(F)
2017
(F)
2018
(F)
2019
(F)
2020
(F)250
260
270
280
290
300
310
320
330
340
350
Billi
ons
of 2
012
Dolla
rs
F=ForecastSource(s): U.S. Bureau of the Census and MAPI Foundation
U.S. Industrial Outlook
Figure 28b – Public Construction Put-in-PlaceAp
r-07
Oct
-07
Apr-
08
Oct
-08
Apr-
09
Oct
-09
Apr-
10
Oct
-10
Apr-
11
Oct
-11
Apr-
12
Oct
-12
Apr-
13
Oct
-13
Apr-
14
Oct
-14
Apr-
15
-15
-10
-5
0
5
10
15
Perc
ent C
hang
e in
a 3
-Mon
th M
ovin
g Av
erag
e (Y
ear/Y
ear)
Source(s): U.S. Bureau of the Census and MAPI Foundation
U.S. Industrial Outlook