Today's numbers indicate that industrial production was up 0.7 percent in October the fastest rate in three months as factories "made more cars, electronics and business equipment, a sign that manufacturing is recovering after slowing this spring."
http://www.cnbc.com/id/45321166
"Factory output, the largest component of industrial production, rose a solid 0.5 percent, the fourth straight monthly gain. Production of business equipment rose 1 percent, its sixth straight monthly increase. Electrical equipment, appliances and transportation equipment all climbed more than 2 percent. Autos and parts surged 3.1 percent."
Factory output has risen 13.4 above the June, 2009 bottom, however it is still 5.3 percent beneath its September, 2007 pre-recession peak.
Despite all these positive indicators, the market is down by triple digits today-thanks Europe!
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