US Industrial Production Rises

Posted October 17th, 2011 at 11:30 am (UTC-5)
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U.S. industrial production grew in September, in part because of demand for autos and computers, easing fears the world’s largest economy might lurch back into recession.

Monday’s report from the U.S. Federal Reserve said the output from factories, mines, and utilities incrreased two-tenths of a percent in September.

Nationwide industrial production changed very little in the prior month.

A report on manufacturing in New York and the surrounding area showed some parts of the nation are doing better than others. That study showed the factory sector shrinking in the New York area in October.

Later this week experts will publish two key studies of inflation, two reports on housing and new information on the U.S. job market.