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.
Most Read
-
-
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Q3 2020
-
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Q1 2020
-
“Made in America” Executive Order to Affect International Companies and FDI
Q1 2021
-
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2020
-
Pandemic Fuels Data Center Growth
Q1 2021
-
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
Q4 2019