The Federal Reserve reports industrial production grew 1% in April, for the fastest pace since February 2014. Economist expected only 0.5%. March was revised down slightly to 0.4% from the initially reported 0.5% gain.Output’s been up for three straight months and it’s up 2.2% compared to a year ago.
U.S. infrastructure has received an average grade of D+, meaning “poor and at risk” due to chronic underinvestment, according to the 2017 report card from the American Society of Civil Engineers. The U.S. has received a subpar grade in each of the last six reports, stretching back to 1998. Each sector is graded on eight criteria, including capacity, condition, and funding. Railways was the only sector to earn a B due to $27 billion in improvements by the freight railroads. Ports, bridges, and solid waste each received a C+. Aviation, dams, drinking water, energy, hazardous waste, inland waterways, levees, public parks, roads, schools, transit and wastewater all received D’s.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
