Industrial production declined 0.7 percent in April, the Federal Reserve said in Washington today, more than twice the drop forecast by economists. Separate figures from the New York and Philadelphia branches of the central bank indicated the slide may continue this month.
Only exports and consumer spending, the largest part of the economy, are keeping the six-year expansion alive as housing shows no sign of a rebound and factories retrench
Meanwhile have you noticed that manufacturing sector policy is like a lone orphan with a few platitudes mentioned on the campaign trail? The United States is hemorrhaging it's manufacturing base.