A blog that covers Politics, finance, economics, and science. Perspective is conservative in the non-social sense, but not dogmatically so. Maintained by the Chief Technology Officer of a large Hedge Fund
Friday, July 15, 2011
Manufacturing flat in June because of weak autos
U.S. auto factories produced fewer goods in June than the previous month, and overall factory production was flat. It marked the third straight month of weak output slowed by supply chain disruptions caused by the Japan crisis. The Federal Reserve reported Friday that factory production was unchanged last month following a tiny 0.1 percent rise in May. The May data were revised down from an initial 0.4 percent increase. (Snip) Overall industrial production was up 0.2 percent in June
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