Write a 3 page essay on Goods market data.
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The economy suffered from a sharp increase in energy prices in the second half of 2004. Long-term problems include inadequate investment in economic infrastructure, rapidly rising medical and pension costs of an aging population, sizable trade and budget deficits, and stagnation of family income in the lower economic groups. (See appendix 1)
Industrial production increased 0.9 percent in October after a drop of 1.5 percent in September. Hurricane-related recoveries in many industries and the resolution of a strike at a major aircraft producer contributed significantly to the increase in output. At 107.9 percent of its 2002 average, output in October was 1.9 percent above its year-earlier level. Manufacturing production increased 1.4 percent, a rise that more than reversed its September decline of 0.7 percent. Output also moved down in the industries for machinery and for furniture and related products. Production increased slightly in the industries for textiles and products, for paper, and for printing and support, while output was unchanged in the food, beverage, and tobacco products industry. (See appendix 2)
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