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Tuesday, September 02, 2014, 11:58 a.m.
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U.S. factory output rebounded in May after April dip

By The Associated Press

This article was published June 16, 2014 at 11:08 a.m.

WASHINGTON — U.S. manufacturing output rose in May after in shrinking in April, led by greater production of autos, computers and furniture.

The gains show that Americans, buoyed by steady job gains, are buying more cars while businesses are ordering more machinery and other goods. Those trends are fueling factory production and driving growth. Analysts think the U.S. economy is rebounding after contracting in the first three months of the year.

Factory output rose 0.6 percent in May after dipping 0.1 percent the previous month, the Federal Reserve said Monday. April’s figure was revised upward from an initial estimate of a 0.4 percent decline.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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Displaying 1 - 2 of 2 total comments

carpenterretired says... June 16, 2014 at 12:32 p.m.

According to Fox news the sky is still falling is fox wrong?

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KCSAP says... June 16, 2014 at 1:18 p.m.

Woohoo, were booming now. Which is it, the extreme cold from global warming last winter put the shackles on the economy, or are we booming? These type stories are nothing but buffoonery.

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