Industrial Production Sees Sixth Straight Monthly Increase
Mark J. Perry submits: 
WASHINGTON (MarketWatch) -- The output of the nation's factories, mines and utilities rose a seasonally adjusted 0.6% in December, the sixth increase in a row following the worst downturn since the end of World War II, the Federal Reserve reported today. MP: The monthly increase in December industrial production marks the first time since late 1997 of six consecutive monthly increases, and the cumulative gain of 4.5% through December is the largest six-month gain since early 1998 (see top chart above). Although the year-to-year growth rate through December is negative (-2.0%), it's the least negative growth rate since the summer of 2008 and the trend in this series, along with the six straight monthly increases, is another V-sign of economic recovery (see bottom chart above). Complete Story »
- Original article
- Login or register to post comments
