U.S. production held close to the all-time peaks in the July 25 week, and TIME'S Index was 177.4 (estimated), 0.8 point above the preceding week's final figure. Reason for the rise: bigger steel production and increased electric-power output.
War-goods production is still booming despite material shortages. General Motors last week reported June quarter munitions output at $370,960,000, 45% above the first quarter, and 53% as much as all Detroit's war production for all of 1941. Aircraft makers should turn out close to 5,000 planes this month, three times a year ago and almost ten times the 550 military planes produced in...
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