Manufacturing output up again in January
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Manufacturing News, Source : TheManufacturer.com
Published : 17 Feb 2004 18:32
Manufacturing output increased 0.3 percent in January—its fifth monthly rise in a row—while overall industrial production rose 0.8 percent, according to a report released today by the Federal Reserve.
Manufacturing output was up 2.3 percent from one year ago.
The output of durable goods rose 0.6 percent. Gains of about one percent were recorded for computer and electronic products, motor vehicles and parts, fabricated metal products, and wood products.
The production of nondurable goods was unchanged in January. Textile and product mills output increased 1.2 percent, and chemical products rose 0.5 percent. The production of food, beverage, and tobacco products fell 0.2 percent. Declines of one percent or more occurred for apparel and leather and for petroleum and coal products.
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