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Chicago Fed Letter, No. 204a, July 2004
Is Manufacturing at a Crossroads? (Special Issue)

Is the manufacturing sector’s recent poor performance due to cyclical factors or is it the result of a structural change that will outlast the effects of the recession? This is a difficult question to answer, but one that has important implications for economic policy both in the Midwest region and nationwide.



Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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