U.S. industrial output posts biggest fall in 34 years

[corporatemedia]

Source: Reuters

U.S. industrial output posts biggest fall in 34 years
Thu Oct 16, 2008 9:56am EDT

WASHINGTON (Reuters) - U.S. industrial production fell a sharp 2.8 percent in September, the biggest decline since December 1974, according to a report on Thursday that was likely to reinforce fears of a recession.

Economists had expected a decline of 0.8 percent, after a revised 1 percent decline in August, initially reported as a 1.1 percent fall.

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Read more: http://www.reuters.com/article/ousiv/idUSTRE49F56B20081016

[RUMMYisFROSTED]

1. We have industry?

Who knew?

[FredStembottom]

6. LOL!

I'm an air-freight pickup driver in what was the main industrial area of St. Paul - and I haven't been to an actual FACTORY in years! Last one I can think of closed about 5 years ago - busy, successful one too (giant printing plant of all the cereal boxes and such for Pillsbury and General Mills)- closed and sent offshore somewhere.

Since then, I pretty much just go to dozens of mortgage and title places - did I mention that my route has suddenly shrunk a lot?

:grr:

[Crazy Dave]

2. That's pretty bad considering there's about 40% less American factories now

Than there was in the 70's

[whistle]

3. What U.S. Industry is that? The only things manufactured in the U.S. are

...military weapons, bombs, bullets, weapons guidance systems, tasers and pornography!

[Wilms]

4. You forgot fast food and bottled water.

Just sayin'.

[w4rma]

5. Is that including or excluding hamburgers?

In the New Economics: Fast-Food Factories?
http://query.nytimes.com/gst/fullpage.html?res=9D02EFDC113DF933A15751C0A9629C8B63