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Industrial production tops pre-recession levels as US economy improves
Topic Started: 19 Dec 2013, 10:11 AM (682 Views)
Black Panther
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Industrial production tops pre-recession levels as US economy improves

In the latest sign of a recovering US economy, the Federal Reserve announced on Monday that nationwide industrial production has surpassed peak pre-recession levels for the first time, bringing production to a nearly six year high. Overall industrial production — a measure of manufacturing, mining, and utility output — increased a seasonally adjusted 1.1 percent in November over the prior month. The biggest gains were in utilities, which are now performing 20 percent better than 2007 levels, and mining, while manufacturing saw only a smaller bump and remains slightly below pre-recession levels.

Manufacturing is on the rise, however. Output has increased four quarters in a row, with large gains coming from the auto and consumer electronics industries. It's a major gain for the auto industry too, with The Wall Street Journal reporting that motor-vehicle assembly is now at an eight-year peak. The Fed is expected to begin winding down select stimulus plans in response to growing signals of the US economy's improvement, reports The New York Times. Those changes may not happen immediately, but it appears that the Fed is finally becoming comfortable with the economy's outlook.

http://www.theverge.com/2013/12/17/5219856/industrial-production-tops-pre-recession-levels-first-time
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MMM
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What a load of BS.major.companies and jobs still going offshore five years on from 2008.

The only industrial production being done is very cheap products similar to some third world country with wages to match.
And the auto industry , the auto industry was Detroit, and we know how well that is going , you can still buy a house for 1 dollar( think I'm joking, no I'm not) five years on from 2008.

They now owe double what they did in 2008.

So what's this, are they bragging about the demise of their.country, looks that way.
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goldbug
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I guess if you were stupid enough to believe property prices would double every 7 years you would believe anything.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Pig Iron
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Bogan scum

crazy ted and frankrider aka MMM and goldbug at a circle jerk for people who lost a fortune on gold.

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I am the love child of Tony Abbott and Pauline Hanson
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