Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tradermike_1999 who started this subject	3/15/2002 9:59:38 AM
From: AC Flyer	Read Replies (1) of 74559

Industrial Output Points to Recovery Updated 9:31 AM ET March 15, 2002 WASHINGTON (Reuters) - 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 where there were two straight months of increases in production. The manufacturing sector alone, the largest component in the report, saw a production gain of 0.3 percent, the same as the revised January figure for the sector. The report also showed an increase in the amount of productive capacity in use at U.S. firms. The capacity use rate in February was 74.8 percent, up from a revised 74.5 percent in January and the highest since October 2001. Analysts polled by Reuters had expected a slightly softer report. The average forecast in a survey of analysts called for a 0.3 percent gain in output while capacity use was expected to rise to only 74.3 percent.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next