BusinessJune 24, 1996
BUSINESS MEMO: U.S. INDUSTRIES INCREASE FOR SECOND STRAIGHT MONTH
U.S. industries increased production for a second straight month in May, and businesses showed signs of rebuilding depleted inventories, a move that could mean even greater output and more jobs. The Federal Reserve said output at the nation's factories, mines and utilities rose 0.7 percent in May after an identical advance a month earlier. The April rate was revised down from 0.9 percent, however...
U.S. industries increased production for a second straight month in May, and businesses showed signs of rebuilding depleted inventories, a move that could mean even greater output and more jobs.
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The Federal Reserve said output at the nation's factories, mines and utilities rose 0.7 percent in May after an identical advance a month earlier. The April rate was revised down from 0.9 percent, however.
At the same time, the Commerce Department reported that business inventories rose 0.4 percent in April after shrinking 0.3 percent the previous month.
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