Fed Records 1 percent Increase for Manufacturing in April
05/14/2010
Manufacturing output grew 1 percent in April and was 6 percent higher than at the same time last year. Total industrial output in April reached 5.2 percent higher than the previous year's level.
In the market groups category, consumer goods production grew by 0.2 percent. Automotive and home electronics production fell, but the manufacture of appliances, furniture, and carpeting all recorded gains. The defense and space equipment sectors advanced by 0.5 percent in April, and was 8 percent higher than the previous year.
Construction supplies output grew 2.8 percent in April. Nondurable materials including textile, paper, and chemicals grew by 1.1 percent last month, while durable materials rose by 1.6 percent.
For industry groups, the production index for durable goods grew by 1.1 in April. All durables sectors saw gains except for motor vehicles, aerospace, and miscellaneous transportation equipment. Non-metallic minerals, primary metals, machinery, electrical equipment, appliances, and components reported growth of 2 percent.
As for nondurable manufacturing, petroleum and coal output climbed 3.6 percent, the plastics and rubber products index grew by 2.7 percent, and paper production gained 2.4 percent.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024