Thursday, May 23rd

Last update04:20:45 AM GMT

You are here: Business Business US INDUSTRIAL PRODUCTION ROSE 0.6 PCT. IN JULY

TOP 4 copy 2

The Call & Post has been voted one of the top African American newspapers, winning several NNPA Awards consistently over the past 10 years


US INDUSTRIAL PRODUCTION ROSE 0.6 PCT. IN JULY

usaflag300Factory production slowed this spring and some feared it could weaken further in coming months Europe's financial crisis and slower global growth cut demand for U.S. exports.

WASHINGTON (AP) -- U.S. factories made more cars, computers and airplanes last month, a hopeful sign that manufacturing is recovering after a weak spring.

The Federal Reserve says U.S. industrial production increased 0.6 percent in July from June, the fourth straight monthly increase.

Factory output, the most important component of industrial production, rose 0.5 percent, the second straight increase. Factory output has risen 21.9 percent since its recession low hit in June 2009 and is just 1.7 percent below the pre-recession peak for factory output reached in July 2007.

Factory production slowed this spring and some feared it could weaken further in coming months Europe's financial crisis and slower global growth cut demand for U.S. exports.

click for Weather

Click for Cleveland, Ohio Forecast

Where to buy C & P

covnew

The Tonelli Story

small_tonelli_Untitled-1_copy

Contact Information

ER
BLOG COMMENTS POWERED BY DISQUS