The Green Book: Monthly Economic Trends
Executive Summary Industrial production grew 4.8 percent on-year in January 2004, due largely to an increase in semiconductor and audio-visual communication equipment output in spite of a decrease in automobile and office accounting machinery output. Wholesale and retail sales decreased 2.5 percent on-year in January as automobiles, fuel and part sales declined due to shorter work days and sluggish consumer spending. Facility investment also decreased 3.1 percent on-year in January led by a decline in automobile and computer investments in spite of an increase in precision instrument i...
