Manufacturers Leading Early Stages of Recovery

Blog | September 18, 2009 - 5:45 am

<p>The Associated Press published <a href="http://www.abcnews.go.com/Business/wireStory?id=8586785">an article</a> yesterday about the gains in industrial production seen in August, yet another sign of the road to recovery. Here&#39;s one snippet:</p>

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<p>In part, the improvement reflected auto sales that were boosted by the government&#39;s now-ended Cash for Clunkers program. But analysts were impressed that output rose broadly across industries.</p>

<p>&quot;Vehicles are not the whole story,&quot; Nigel Gault, chief U.S. economist at IHS Global Insight, said in a note to clients.</p>

<p>Gault noted that production rose in five out of 10 categories of durable goods, including machinery and electrical equipment.</p>