Gain in Factory Output Signals Sustained U.S. Demand: Economy

[Purveyor]

By Shobhana Chandra - Nov 15, 2013

Production at U.S. factories picked up in October, indicating the government shutdown did little to impede manufacturing (IPMGCHNG) at the start of the fourth quarter.

The 0.3 percent advance followed a 0.1 percent gain the prior month and exceeded the 0.2 percent median projection in a Bloomberg survey, figures from the Federal Reserve showed today in Washington. Total industrial production fell 0.1 percent as mining and utility use declined.

Increased output of furniture, metals and electronics shows gains in manufacturing are extending beyond the auto industry, underscoring recent reports of improving sentiment at factories. Busier assembly lines are a source of strength for an economy that was restrained by a decrease in government spending tied to the 16-day partial federal shutdown.

“It’s a good start to the quarter,” said Brian Jones, senior U.S. economist at Societe Generale in New York, who correctly projected the drop in total output. Production gains are “becoming broad-based. Are we going at rocket speed? No, but things are generally getting better in the economy.”

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http://www.bloomberg.com/news/2013-11-15/factory-production-in-u-s-rose-more-than-forecast-in-october.html

[doc03]

1. Our Rethug paper is pushing that claiming the government shutdown actually

stimulated the economy. They are pushing another shutdown over the budget. Did you see the polls yesterday? The sheeple already forgot about
the shutdown and the Republicans are back where they were before the shutdown.