The factory sector came roaring back in President Trump’s first full month in office.
Industrial production in the United States surged in February, rising 0.7 percent, more than triple the 0.2 percent increase economists had expected. The latest data from the Federal Reserve marks a significant expansion in industrial activity, with total output reaching its highest level on record.
Manufacturing output, which accounts for roughly three-fourths of total industrial production, rose 0.9 percent, the largest monthly gain in a year. A particularly notable driver of February’s expansion was the auto sector, where motor vehicle and parts production jumped 8.5 percent. That sharp increase stands in stark contrast to the sector’s performance during the final year of the previous administration, when auto output declined by an average of 0.5 percent per month.
The strength of February’s data offers a striking contrast to some of the more downbeat economic indicators seen in recent weeks. While reports on retail sales and business sentiment have suggested a more sluggish start to the year, the industrial sector appears to be gaining momentum. more
That is kinda how incentives work. Make it advantageous to do annything and you get more of it.
About ten days ago we received notification from two of our aluminum suppliers that price quotes were only good for 24 hour do to market volatility and supply. We haven’t had any problems finding what we need, but the mills better start cranking some product out.
ANYONE HEARD FROM JOEK??
I THINK HE FELL ASLEEP ON THE BEACH, NEVER WOKE UP, AND NOBODY NOTICED
Another win. Tired yet?