Industrial Production Rose 0.9% in July

So far, we’ve had some negative economic data points for the month of July, but today’s industrial production report was pretty good. Industrial production rose by 0.9% last month which is the strongest growth this year. The number for June was revised to 0.4%. Over the last two years, industrial production is up by 11.5%.

I often hear people say “we don’t make anything in this country anymore.” That’s simply not true. The U.S. is a manufacturing powerhouse. The difference is that many fewer people do the work.

Posted by on August 16th, 2011 at 10:50 am


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