U.S. industrial production fell in August; SMEs project strong second half

09/18/2012

The dichotomy of the manufacturing economy seems to continue, and uncertainty still plagues some small to midsized enterprises (SMEs). Even as the Federal Reserve announced that industrial production fell in August by the largest amount in more than three years (down 1.2% compared to July), a survey from Prime Advantage, a leading buying consortium for midsized manufacturers, projected a "strong second half" of 2012.

The Federal Reserve's August report, released Sept. 10, showed that manufacturing output, the most important component of industrial production, fell 0.7%, led by a 4% drop in output of automotive plants. This was on top of the other dismal reports from the Institute for Supply Management (ISM) which appeared in this publication earlier this month, as well as the mere 96,000 jobs added....
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