Wednesday, September 08, 2010
Industry growing into the third quarter
Posted by David Smith at 10:15 AM
Category: Thoughts and responses

The 0.3% rise in manufacturing output in July, for an impressive rise of 4.9% on a year earlier, represented a good start to the third quarter. Even if manufacturing is flat in August and September, it will show a 0.6% rise compared with the second. Overall industrial production, which also rose by 0.3%, has rather more work to do. It is only 1.9% up year on year and in July was a mere 0.1% higher than its Q2 average. More here.