Tuesday, May 12, 2009
Manufacturing decline eases
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

Though the first quarter was exceedingly grim both for manufacturing and industrial production more broadly defined, with declines of 5.5% and 5.3% respectively, there was better news in the March data. Manufacturing output slipped by only 0.1%, its smallest monthly decline for 13 months. More here.