Manufacturing key to winning America’s fight for the future

by YankeeJim | June 16, 2010 at 09:33 am

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I have been saying it, and here is some proof. Dan Wagner reports “manufacturing remained a key engine of economic recovery.” Want more growth, stimulate more manufacturing.

With a transformation from a petroleum-based economy to alternative energy sources, every aspect of our human existence demands new products that include where and how we live, how we are transported, and how we treat our precious environment.

Americans need new consumer appliance products, designed as green products from green processes and that are made in the USA.

“Manufacturing Continues To Drive Economic Recovery

By Daniel Wagner, AP Business Writer
Manufacturing.Net - June 16, 2010

WASHINGTON (AP) -- Industrial production rose 1.2 percent in May as manufacturing remained a key engine of the economic recovery.

The Federal Reserve says output at the nation's factories, mines and utilities rose over April's 0.7 percent increase. The industrial sector's gains reflect the growing strength of the recovery.

Factories -- the single biggest contributor to industrial activity -- ratcheted up production 0.9 percent. It was the third straight monthly increase.

Production at utilities increased 4.8 percent as warm weather created more demand for electricity. Mining was the only component that lagged, edging down 0.2 percent.

The gains were felt across every major sector reported by the Fed.

Output of consumer goods was boosted by a strong 2.6 percent gain for consumer durables. Greater production of automotive products and home electronics more than offset declines for home goods, such as appliances, furniture and carpeting.

U.S. factories were operating at 74.7 percent of capacity -- an increase of 1 percent from April, but still 5.9 percentage points below the average since 1972.”