Economic Reports Underscore More Positives of the U.S. Economy
Today’s economic reports present a bullish picture of the U.S economy. Industrial production in December was strong and optimism of homebuilders improved in January, while wholesale prices fell.
Industrial production rose 0.4% in December after declining 0.3% during November. The 0.9% jump in factory production, which accounts for the bulk of total industrial production, stands out in today’s report after a 0.4% drop in November. Factory production rose at an annual rate of 3.9% in the fourth quarter vs. a 5.00% increase in third quarter that represents a rebound from the Japan disaster. Production of factory goods was widespread in December with wood products, primary metals, computers, machinery, motor vehicles, and aerospace equipment posting noticeable gains.
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economic, economy, More, Positives, Reports, U.S., Underscore
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