Economic Update: Are Recent Signs Sustainable?
Product DetailsIndustrial production increased 0.7 percent in September, after a revised gain of 1.2 percent in August. Manufacturing production increased 0.9 percent.
While the sequential growth is a positive sign for a ragged economy, many factors will play a role in determining whether that growth is sustainable, says Thomas J. Duesterberg, president and CEO of Manufacturers Alliance/MAPI.
"The inventory cycle has further to run, and this should sustain …