Tuesday, September 26, 2023
Courthouse News Service
Tuesday, September 26, 2023 | Back issues
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Industrial Production Up

WASHINGTON (CN) - American industry has expanded continuously for seven months, giving 2010 positive numbers after two years of overall declines, the Federal Reserve announced Wednesday.

The 0.9 percent growth in January builds on a string of expansions beginning in July, but is the second time expansion occurred in all sectors during the string. August saw uniform growth as well.

There was a 7.8 percent drop in industrial production in 2008, and 2009 followed with a 2 percent decline.

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