313. Calculated Risk
February 17, 2010 § Leave a comment
Sounds like good news
From the Fed: Industrial production and Capacity Utilization
Industrial production increased 0.9 percent in January following a gain of 0.7 percent in December. Manufacturing production rose 1.0 percent in January, with increases for most of its major components, while the indexes for both utilities and mining advanced 0.7 percent. At 101.1 percent of its 2002 average, output in January was 0.9 percent above its year-earlier level. The capacity utilization rate for total industry rose 0.7 percentage point to 72.6 percent, a rate 8.0 percentage points below its average from 1972 to 2009.
via Calculated Risk.
but my suspicion is it is part of the reset of the economiccrore on traditional lines, meaning that there is no new economy in here, and not much in the way of new jobs, or climate activity. there is some however so it is not all bad. but the new climate activity is likley owned by the sme people who own the old economy.