Manufacturing Shows Some Gains

"The broad-based gains in industrial production reported today by the Federal Reserve for April show the economy is now running on all cylinders after an uneven start," said Jerry Jasinowski, president of the National Association of Manufacturers.

According to the Fed report, overall industrial production surged 0.8 percent in April following a temporarily drop in March. Manufacturing production fueled the overall gain as production rose 0.7 percent for the month. "That's a strong gain and it is clearly broad-based," Jasinowski said. "Production of consumer goods and business equipment, as well as construction and business supplies, all posted very health gains last month."

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