Wednesday, May 16, 2012

Manufacturing Contributed Less to U.S. Growth Last Year


BLOOMBERG
View Original Article HERE

Manufacturing added less to U.S. economic growth last year than in 2010, indicating a pickup in the expansion depends more on bigger gains in the services industry.
Factory production accounted for 0.5 percentage point of the 1.7 percent increase in gross domestic product in 2011, the Commerce Department said today in Washington. A year earlier, manufacturing added 1.2 percentage points to economic growth of 3 percent.  MORE...................

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