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Manufacturing Expands

12:24 PM MDT | September 18, 2009 | arnold pearlman

Manufacturing output and orders increased in July, although inventories continued to shrink and employment losses mounted, albeit at a slower place than in previous months. Shipments of durable goods rose 2% in July, while nondurables fell about 2%, due mostly to weakness in the refined petroleum market. Most of the major durable goods industries—computers and electronic products, electrical equipment, primary metals, and transportation equipment—reported higher sales. Shipments of manufacturers’ goods are up almost 18% since the May lows...

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