Economic Future Brightens Despite Numbers

April 17, 2001
U.S. industrial production posted surprising gains in March while inflation rose only slightly and housing starts slowed, according to government reports released today that showed conflicting data about the state of the economy and the likelihood the Federal Reserve will cut interest rates before its May 15 meeting. U.S. industrial output rose 0.4% in March, according to a Federal Reserve report,
U.S. industrial production posted surprising gains in March while inflation rose only slightly and housing starts slowed, according to government reports released today that showed conflicting data about the state of the economy and the likelihood the Federal Reserve will cut interest rates before its May 15 meeting.

U.S. industrial output rose 0.4% in March, according to a Federal Reserve report, compared with a 0.4%. drop in February.

The consumer price index (CPI), a measure of inflation, rose 0.1% in March, according to a Department of Labor report, matching the 0.1% forecast by analysts, and below a 0.3% jump in February.

The overall CPI number was dragged lower by a 3.7% drop in gasoline prices and a 2.1% drop in natural gas prices, which began to rise sharply at the end of March and should continue to rise in April, analysts say.

The government said March building permits fell 3.6% in March to a seasonally adjusted annual rate of 1.615 million after a 2.8% drop in February. But both declines were modest, suggesting the home-building industry is still reasonably confident about future prospects for the economy.

About the Author

Tim Parry

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!