AnMaster.com

Alexkid · 01-19-2012, 03:43 AM

Rising factory output gives economy a lift
CHRISTOPHER S. RUGABER
(The Associated Press)

06:43:11AM (ET) Thursday,January 19,2012.

WASHINGTON (AP) — U.S. factories are roaring back from the depths of the recession, cranking out more machinery, vehicles and energy.

Factory production has surged 15 percent above its lows of 2½ years ago and is helping drive the economy's recovery.

A jump in manufacturing output last month coincided with other data suggesting that the economy began 2012 with renewed vigor. Wholesale prices are tame. Demand for U.S. Treasury debt should help keep borrowing costs low. Even homebuilders are more optimistic.

Signs "that manufacturing in the U.S. is gaining global market share appears to be growing, and this could be an important dynamic supporting growth in 2012," said John Ryding of RDQ Economics.

Manufacturing rose 0.9 percent from November to December, the Federal Reserve said Wednesday. It was the biggest gain since December 2010.

Overall output at the nation's factories, mines and utilities grew 0.4 percent. Warm weather dampened demand for energy produced by utilities.

Over the past year, factory output has risen 3.7 percent. Factories benefited in particular in the second half of 2011 from several trends: People bought more cars. Businesses spent more on industrial machinery and computers before a tax incentive expired. And companies restocked their supplies after cutting them last summer.

Many economists say manufacturing output should expand further this year, though some expect the pace to slow mainly because of Europe's debt crisis.

------------------------------------------------------
Good news is great news...

01-19-2012, 03:43 AM	#1
Alexkid Your World & Experience Join Date: Jan 2009 Location: Eastern Time Zone Posts: 6,898 Rep Power: 10	Rising factory output gives economy a lift Rising factory output gives economy a lift CHRISTOPHER S. RUGABER (The Associated Press) 06:43:11AM (ET) Thursday,January 19,2012. WASHINGTON (AP) — U.S. factories are roaring back from the depths of the recession, cranking out more machinery, vehicles and energy. Factory production has surged 15 percent above its lows of 2½ years ago and is helping drive the economy's recovery. A jump in manufacturing output last month coincided with other data suggesting that the economy began 2012 with renewed vigor. Wholesale prices are tame. Demand for U.S. Treasury debt should help keep borrowing costs low. Even homebuilders are more optimistic. Signs "that manufacturing in the U.S. is gaining global market share appears to be growing, and this could be an important dynamic supporting growth in 2012," said John Ryding of RDQ Economics. Manufacturing rose 0.9 percent from November to December, the Federal Reserve said Wednesday. It was the biggest gain since December 2010. Overall output at the nation's factories, mines and utilities grew 0.4 percent. Warm weather dampened demand for energy produced by utilities. Over the past year, factory output has risen 3.7 percent. Factories benefited in particular in the second half of 2011 from several trends: People bought more cars. Businesses spent more on industrial machinery and computers before a tax incentive expired. And companies restocked their supplies after cutting them last summer. Many economists say manufacturing output should expand further this year, though some expect the pace to slow mainly because of Europe's debt crisis. ------------------------------------------------------ Good news is great news... __________________ Yeah...Do That.

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Switch to Hybrid Mode Threaded Mode

AnMaster.com

Economic Issues Thread About, Rising factory output gives economy a lift