NAM Economist Responds to April Industrial Production Report.
Press Release Summary:
May 19, 2010 - NAM Chief Economist Dave Huether commented on Federal Reserve Industrial Production report, which said manufacturing production rose 1.1% in April - the third increase in 4 months. Huether called this "an encouraging sign" and said this upturn was most likely driven by housing, business inventories, exports, and business investment. Expecting pace of manufacturing recovery to moderate in coming months, Huether said pre-recession manufacturing will not be attained until late 2011.
Original Press Release
NAM Economist on April Industrial Production Report
Press release date: May 14, 2010