Factory-output data show economy still in doldrums

Factory production in August dropped by another 0.5 percent, the Federal Reserve Board said, confirming that ''the economic recovery was not in progress, '' especially in the auto industry.

Factory production accounts for about a third of the value of all of the nation's goods and services, and its shrinkage usually means further cuts in factory employment have occurred. If production figures are still decreasing, the Commerce Department said, then the economic upturn hasn't yet arrived.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to Factory-output data show economy still in doldrums
Read this article in
https://www.csmonitor.com/1982/0916/091619.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us