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Strong Performance By Auto Sector Another Sign Of Improving Economy
Strong Performance By Auto Sector Another Sign Of Improving Economy
CHRISTOPHER S. RUGABER
WASHINGTON (AP) — A strong increase in auto output boosted U.S. factory production last month, the latest sign that manufacturing is helping drive economic growth after lagging for much of 2012.
Factory output rose a seasonally adjusted 0.8 percent in February from January, after falling 0.3 percent in the previous month, the Federal Reserve said Friday.
The biggest gain was in autos and auto parts, where production increased 3.6 percent after falling 4.9 percent in January. Car sales have risen steadily this year after reaching a five year high in 2012.
<...>
Manufacturers also stepped up hiring last month, adding 14,000 jobs. The industry has added 39,000 in just the past three months.
http://talkingpointsmemo.com/news/strong-performance-by-auto-sector-another-sign-of-improving-economy.php
CHRISTOPHER S. RUGABER
WASHINGTON (AP) — A strong increase in auto output boosted U.S. factory production last month, the latest sign that manufacturing is helping drive economic growth after lagging for much of 2012.
Factory output rose a seasonally adjusted 0.8 percent in February from January, after falling 0.3 percent in the previous month, the Federal Reserve said Friday.
The biggest gain was in autos and auto parts, where production increased 3.6 percent after falling 4.9 percent in January. Car sales have risen steadily this year after reaching a five year high in 2012.
<...>
Manufacturers also stepped up hiring last month, adding 14,000 jobs. The industry has added 39,000 in just the past three months.
http://talkingpointsmemo.com/news/strong-performance-by-auto-sector-another-sign-of-improving-economy.php
The economy is recovering and Republicans are determined to destroy it
http://www.democraticunderground.com/10022505883