WASHINGTON (AP) — U.S. factories are roaring back from the depths of the recession, cranking out more machinery, vehicles and energy.
Factory production has surged 15 percent above its lows of 2½ years ago and is helping drive the economy's recovery.
A jump in manufacturing output last month coincided with other data suggesting that the economy began 2012 with renewed vigor. Wholesale prices are tame. Demand for U.S. Treasury debt should help keep borrowing costs low. Even homebuilders are more optimistic.
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