Guess Who's Still Leader Of The Industrial PackGene Koretz
Believe it or not, the U.S. tops the developed world in current growth of industrial output. Comparing the performance of seven major economies over the latest three months, economist James R. Solloway of Argus Research Corp. finds that the U.S. leads the pack with an annualized gain of 2.1% over the previous three months. Germany comes in last with an 8.3% drop. Over the past year, the U.S. is still No.1, even though its industrial production is up an anemic 0.6%. Industrial output in every other nation in the group is below its year-earlier level, with Germany and Japan posting year-over-year declines of 2.9% and 6.1% respectively.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.