Factories help economy as industrial output rises

Posted May 14, 2010 at 10:07 a.m.

Associated Press | Industrial production logged a stronger-than-expected gain in April, more evidence that manufacturing is playing a lead role in powering the economic recovery. The 0.8 percent increase in output at the nation’s factories, mines and utilities reported by the Federal Reserve on Friday marked an improvement from the 0.2 percent rise registered in March. It was the best showing since a 1.2 percent jump in January. The performance of the industrial sector in April was even stronger than the 0.6 percent gain that economists were predicting.

Get the full story: April industrial output rises.

 

Comments are closed.