The economic health of 27 U.S. states showed signs of improvement as a four-year high in industrial production spurred gains in the so-called Rust Belt region, where manufacturing accounts for a larger share of jobs.
Michigan, Ohio, Indiana and Illinois, contiguous Midwestern states that are home to 13 percent of Americans, posted four of the eight biggest gains for the three months ending in September, compared to the previous quarter, according to the Bloomberg Economic Evaluation of States Index.
“We’re seeing the resurgence of U.S. manufacturing,” said Robert Dye, chief economist at Comerica Inc. (CMA) in Dallas. “It’s a potential bright spot and it’s one of the good news stories that’s still out there for the U.S. economy.”
Source
Bloomberg