Industrial production rises
Industrial production increased 0.2 percent in August after having advanced 0.9 percent in July.
The Federal Reserve reported that manufacturing output increased 0.5 percent in August; it was 3.8 percent higher than its year-earlier level. Capacity utilization for manufacturing in August was 75.0 percent, a rate 10.6 percentage points above its trough in June 2009 but still 4.0 percentage points below its long-run average. The utilization rate for July was revised down 0.3 percentage point, a move that reflects, in part, a downward revision to chemical production from April to June.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GME Supply. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Howard Coleman, as well as interviews with numerous product and distribution industry experts.
