Factory Output Fuels Growth in U.S.

By artappraiser on Thu, 01/19/2012 - 12:19am |

Associated Press (@nytimes.com), Jan. 18, 2012

WASHINGTON — Factory production in the United States has surged 15 percent above its lows of two and a half 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, and another report shows that wholesale prices are tame. There appear to be signs “that manufacturing in the U.S. is gaining global market share,” said John Ryding of RDQ Economics, “and this could be an important dynamic supporting growth in 2012.”

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

URL:

http://www.nytimes.com/2012/01/19/business/economy/producer-prices-fell-in-december.html