Biz: Manufacturers use low interest rates to ramp up production
- 1.2% boost in May’s industrial production levels source
- » Why this is important: If companies are building more stuff, that means more jobs. However, it’s contingent on people buying the new stuff in stores. Manufacturers will only be able to keep building supplies if demand continues to increase. However, the current low interest rates at least help encourage companies to create supply when they otherwise wouldn’t.