Sweet! The smell of economic improvement is in the air! AP reports today that industrial production rose in December 2010 by the largest amount in five months which is a great surge of momentum to start 2011.
Activity at factories, mines and utilities increased 0.8 percent last month reports the Federal Reserve. Overall industrial activity has risen 11 percent since bottoming out in June 2009.
The biggest indicator of industrial output is factory production which rose 0.4 percent, the sixth straight monthly increase.
Although auto production dipped, computers, electronic productions, clothing, leather, chemicals and other products all made substantial gains.
One secret our customers know well is that getting their industrial electronics repaired versus always buying new is the way to go. Electronic repairs are a good way to keep production equipment expenses down so profits can keep growing.