Vital Signs for the Week of Feb. 16
The holiday-shortened week will provide a snapshot on the health of manufacturers. After several difficult years, American factories appear to be doing better. Indeed, economists surveyed by Informa Global Markets believe industrial production posted a solid, 07% gain in January. Recent data provide plenty of evidence for the optimism. The recent January employment report showed the average workweek for the manufacturing sector climbed up to 40.9 hours, from 40.6 in December. An increase in hours worked indicates factories were busier.
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