Industrial Output Up Again

Here is some continued good news.

Big industry production surged by 1.1 percent in May, the strongest performance in nearly six years, and a nationwide survey of business activity showed widespread strength, fresh signs the economy possesses good momentum.

The sizable increase in industrial production reported Wednesday by the Federal Reserve came after a strong 0.8 percent rise in April. The 1.1 percent advance - better than the 0.6 percent rise that some economists were expecting - represented the biggest gain since August 1998.

Factory production - the biggest slice of industrial activity tracked by the Fed - rose by 0.9 percent in May, up from a 0.7 percent increase the month before.

More here.