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Post by Savoir Faire-Demogague in NJ on Oct 17, 2011 9:21:08 GMT -5
Sept. Industrial Output Gains Are Above-Average mjperry.blogspot.com/2011/10/september-industrial-output-gains-are.htmlThe 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.
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Post by Savoir Faire-Demogague in NJ on Oct 17, 2011 9:24:55 GMT -5
"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
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workpublic
Junior Associate
Catch and release please
Joined: Dec 30, 2010 14:01:48 GMT -5
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Post by workpublic on Oct 17, 2011 9:28:50 GMT -5
mfg. using humans or robots or a little of both?
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cme1201
Junior Associate
Tennis Elbow, Jock Itch, and Athletes Foot, every man has a sports life!
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Post by cme1201 on Oct 17, 2011 11:09:35 GMT -5
"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?
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AgeOfEnlightenmentSCP
Distinguished Associate
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Post by AgeOfEnlightenmentSCP on Feb 7, 2012 17:21:23 GMT -5
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handyman2
Senior Member
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Post by handyman2 on Feb 7, 2012 20:49:15 GMT -5
Lets just hope that those increases can be maintained.
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
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Post by djAdvocate on Feb 7, 2012 22:34:25 GMT -5
i think the trend is good as long as the dollar stays down.
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chiver78
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Current Events Admin
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Post by chiver78 on Feb 7, 2012 23:22:19 GMT -5
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.
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Deleted
Joined: May 19, 2024 9:53:43 GMT -5
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Post by Deleted on Feb 8, 2012 8:19:29 GMT -5
"Lets just hope that those increases can be maintained."
As long as the global economy is growing, that is a virtual certainty.
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handyman2
Senior Member
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Post by handyman2 on Feb 8, 2012 21:07:20 GMT -5
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.
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usaone
Senior Member
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Post by usaone on Feb 8, 2012 21:36:16 GMT -5
Engineering.
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handyman2
Senior Member
Joined: Dec 29, 2010 23:56:33 GMT -5
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Post by handyman2 on Feb 8, 2012 23:24:16 GMT -5
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
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