As the U.S. economic growth slows from the torrid pace of the first quarter, manufacturing's picture is mixed.
Production of cars is slowing while heavy-duty truck production and demand for heavy equipment remain strong, says the Federal Reserve. Its latest "Beige Book," a monthly summary of economic activity in the 12 Federal Reserve districts, was published on September 6.
Steel demand remains strong, and aircraft and defense businesses are rising. Apparel production has slowed. Capital goods output generally is rising. Residential construction activity is slowing-as is the demand for housing-related products.
