Wednesday, September 15, 2010

Industrial Production over the LONG Term

Reuters details:

U.S. industrial output rose at a slower pace in August and a measure of New York
state business conditions slipped to the lowest level in more than a year, according to data on Wednesday that suggested the economy was cooling but not stalling.

Industrial production rose 0.2 percent in August, matching economists' forecasts for a sharp slowdown from July when unusually strong auto manufacturing lifted output, Federal Reserve data showed. July's gain was revised down to 0.6 percent from 1 percent.
And the long-term...