US Manufacturing on Upward Rise

[Savoir Faire-Demogague in NJ]

Sept. Industrial Output Gains Are Above-Average

mjperry.blogspot.com/2011/10/september-industrial-output-gains-are.html



The Federal Reserve released data today on U.S. industrial production for the month of September with the following highlights:


1. Industrial production increased in September by 0.2% on a monthly basis and 3.2% on an annual basis.


2. For the third quarter (July-September) industrial production increased an annual rate of 5.1%.


3. Manufacturing output increased 0.4% in September to a level that was 3.9% higher than a year ago.



4. The output of manufactured durable goods increased 0.6% in September to 7.9% above its year-earlier level.

5. Mining output increased by 0.8% in September to 5.2% above its year-ago level.

6. The September industrial production index at 94.2 is 12.8% above the cyclical low in June 2009 of 83.5, and is 6.4% below the cyclical high of 100.7 in December 2007 (see chart above).



MP: On an annual basis, the 3.2% growth in industrial production through September is above the 2.2% average growth rate since 1973, and the 3.9% growth in manufacturing output is above its 2.6% average rate. The above-average growth in industrial output through the third quarter this year runs counter to the claims that we are entering another recession.

[Savoir Faire-Demogague in NJ]

Oct 17, 2011 9:23:30 GMT -5 @lonewolf said:

"5. Mining output increased by 0.8% in September to 5.2% above its year-ago level."

This must be referring to my gold find on the hill? ;D

[workpublic]

mfg. using humans or robots or a little of both?

[cme1201]

Oct 17, 2011 9:23:30 GMT -5 @lonewolf said:

"5. Mining output increased by 0.8% in September to 5.2% above its year-ago level."

This must be referring to my gold find on the hill? ;D

You mean the one you claim jumped?

[AgeOfEnlightenmentSCP]

The trend continues...

Talk about people who don't want to see good news because it conflicts with their worldview...

www.compositesworld.com/news/us-manufacturing-community-remains-steady-in-january

The index that measures U.S. manufacturing activity inched up from December 2011 to January 2012, registering 54.1 percent.

[handyman2]

Lets just hope that those increases can be maintained.

[djAdvocate]

i think the trend is good as long as the dollar stays down.

[chiver78]

Oct 17, 2011 9:28:50 GMT -5 workpublic said:

mfg. using humans or robots or a little of both?

I can't answer, but I can say that even robots will require human interaction in the form of maintenance (I am an automation engineer ) and it will still create jobs. I realize it's not at the operator level, but it's something.

[Deleted]

"Lets just hope that those increases can be maintained."

As long as the global economy is growing, that is a virtual certainty.

[handyman2]

Chiver: Where does one go to get trained as an automation engineer? With automation on the rise that seems like a good field to recommend to a young person looking for a career. My guess is they would need a solid background in computers and a mechanical aptitude.

[usaone]

Engineering.

[handyman2]

I know Usaone: What I wanted to know is it a tech school or University. Jeez
By the way that picture of you looks mighty good for a guy. He He