No Improvement

After balancing the good news and the bad, CPA Administrator John D. Small this week found little to cheer about in U.S. industrial production in September. His discouraging conclusions: 1) September production was no higher than August; 2) there will be no important increases in production for the rest of this year.

For Houses. Lumber production for September was three billion board feet, 14% less than in August. A decline in production of other much-needed housing materials—brick & tile, plumbing fixtures, gypsum board—was partially offset by an increase in production of hardwood flooring, cement, clay sewer pipe, cast-iron soil pipe,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!