Industrial production rose by a stronger-than-expected 1.1% in April, with most components of the index showing gains. In particular, durable consumer goods turned in a good performance, while automotive products, in particular, increased 2.4% for the month. Production of business equipment rose 1.5%, offering hope that we may soon see acceleration in the lackluster pace of business investment. Capacity utilization moved to 79.2%, the high mark for this (so far disappointing) recovery. Read More
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Media Mentions
NBC's Meet the Press invites Diane Swonk to its roundtable
(5.06.2012)
Nightly Business Report turns to Adolfo Laurenti on Federal Reserve policy
(4.25.2012)
PBS's Ray Saurez talks to Diane Swonk about job creation
(3.09.2012)
CNBC Asia talks to Adolfo Laurenti about new plans to rescue Greece
(02.09.2012)
ABC's "This Week" with George Stephanopoulos asks Diane Swonk what the economy needs
(02.05.2012)
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A Run on Greek Banks
A run on Greek banks is currently going on. According to a statement by the Greek president and confirmed by the central bank in Athens, depositors withdrew nearly $900 million from bank deposits on Monday. Data are not yet available on outflows for Tuesday and today, but the European Central Bank (ECB) announced measures that hint at continued bleeding from the Greek banking sector.
Two factors are contributing to acceleration of the crisis: Read More »