| Show Production lion Down TJI own A Again gain The governments government's index of industrial production showed its seventh consecutive decline in February it was announced late March by the Federal Reserve Board The drop was tenths eight-tenths of a point from Crom 1702 to 1694 of the 59 1957 average SINCE industrial production is one of the key indicators of the nations nation's economic health the decline is good news of those who have been seeking to halt inflation and to all those who see inflation as the number one danger to the soundness of the dollar and the term long-term economic health of the country Declines in automobile production production production pro pro- and in other fields accounted accounted accounted ac ac- ac- ac counted for much of oC the slack in the index though housing starts were slightly up over January APPLIANCE production was wasa a also l Iso s o slightly u p. p Housing starts are still low compared to 1969 totals 13 million annual rate versus a 17 million million million mil mil- lion annual rate as of February February February Feb Feb- 1969 Appliance production rose mainly because of the end of the GE strike TilE THE LATEST decline in inthe inthe inthe the industrial production index is further proof that efforts of the Nixon Administration to cool the economy have taken effect and each new monthly decline brings nearer nearer nearer near near- er the day when the government government government govern govern- ment will ease economic and money restraints |
