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March 15, 2002
"Production by U.S. industry in February posted its biggest bounce since June 2000, the Federal Reserve said on Friday in a report that added to signs the U.S. economy was in recovery. The Fed said output at the nation's factories, mines and utilities rose 0.4 percent. Put together with January's revised 0.2 percent increase, February marked the first time since August and September of 2000 in which there were two straight months of increases in production."
"The capacity use rate in February was 74.8 percent . . . "
" . . . the manufacturing sector, while it shed some 50,000 workers in February, the pace of the job losses was slower than in previous months."
" . . . fanning fears of a stronger overall economic rebound that could eventually spark inflation.
"'The strength in the industrial production . . . gives further support to the idea that the recovery, if not the expansion, is at hand' . . . " ... [more]
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