U.S. industrial output rose sharply in April, the latest evidence that economic growth is picking up following a lackluster start to the year.
Industrial production—a measure of output at factories, mines and utilities—jumped 1.0% from a month earlier, the Federal Reserve said Tuesday. That was the largest gain in more than three years.
The strong showing follows a string of upbeat April indicators, including the unemployment rate falling to its lowest level since 2007, solid consumer spending gains at online sellers, restaurants and other retailers, and existing-home sales climbing at their fastest pace in a decade. The broad-based growth across key sectors of the economy suggests healthy demand from consumers and businesses, reversing some gloomier readings from earlier in the year.
But I'm sure this is all the fruit of Barack Obama's eight years of exceptional leadership.
Hat tip: BadBlue Real-Time News.
1 comment:
America has been through a dark night with a Lunatic at the helm who loved to spend other people's money. I had a good job with a medical device company until Barry went after it using the FDA to drive us out of business, we were one of the first to fold but things are beginning to bubble back no thanks to that evil Mack daddy. He ruined millions of people so he could leave wealthy, him, his frankenstein, his spawn, his mother-in-law, and his mop squeezer Valjar.
May his library be an outhouse forever.
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