Manufacturing: Still rocky
What it is: Industrial production is a broad measure of the nation's manufacturing sector. The index measures the output of factories that make consumer goods, business equipment and raw materials. It also measures output from the construction, mining and utilities industries.
Why it's important: When there is a strong demand for goods, the manufacturing sector increases jobs, makes more products and adds to business' inventories. All of those items factor directly into GDP and the health of the overall economy.
Where we're headed: After growing the previous 15 months, the manufacturing sector contracted in September. Uncertain about the recovery, factories have been reluctant to boost their hiring and, instead, have been increasing hours or productivity in other ways.
NEXT: Spending: Cautiously better
Last updated November 23 2010: 10:39 AM ET
