(via The U.S. economy is definitely picking up)
“Abstracting from utility output, U.S. manufacturing production—led by the auto sector—has been very strong: up at a 8.6% annualized rate in the past three months, and up at a 6.7% annualized rate in the past six months. (Mark Perry has a nice table showing the breakdown by sector.) It doesn’t get much better than this.” — Calafia Beach Pundit
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