The U.S. manufacturing sector experienced low economic output and declining shipments during the last two years. Recent trends indicate that manufacturing will avoid a full-fledged recession. Energy price increases, declining profit growth, and high interest rates dampen overall investment expansion. But some sectors actually benefit from these conditions, including mining, oil field, and gas field machinery industries. With a mixed bag of economic conditions and forecasts, combined with offshoring pressures, how can the U.S. protect and sustain its manufacturing base?
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