|
|
Article: Exports stimulate industrial growth <> Manufacturing beats weak expectations
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- August 16, 2008
- Author:
CopyrightCopyright 2008 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
|
Manufacturing companies have ratcheted down with the economy,
although U.S. industrial output rose in July at a slightly better
pace than expected, reports released Friday show.
The Federal Reserve reported that industrial production edged up
0.2% last month, half the pace of the 0.4% gain in June but
surpassing analysts' expectations for flat production in July.
The modest increases in June and July production followed three
straight monthly declines. Manufacturing has been battered by the
prolonged slump in housing and the multiple problems in the
automotive industry. Many economists viewed the slight strength in
the past two months as temporary, given what's ailing the broader
economy.
...