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Home Publications Blogs Beat the Press Industrial Production: The Story is the Rise In Manufacturing

Industrial Production: The Story is the Rise In Manufacturing

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Wednesday, 17 November 2010 06:07
The Post told readers that industrial production was unchanged in October. This is true, but that is the result of a 3.4 percent plunge in the output of utilities, which is primarily a function of the weather. Manufacturing output increased by 0.5 percent in October and a reported decline of 0.2 percent in September was revised to a gain of 0.1 percent.
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written by S.D. Jeffries, November 18, 2010 9:16
"Manufacturing output increased by 0.5 percent in October and a reported decline of 0.2 percent in September was revised to a gain of 0.1 percent."

This doesn't sound so good - a 0.1 percent rise per month. Sounds like we should get back to full production sometime around the 12th of Never. On the other hand, at least it's growth...sort of.

But you know the Post is not going to tell its readers anything the least bit optomistic.
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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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