U.S. Industrial Production Climbs More Than Expected In September
Manufacturing output rebounded as semiconductor and utility gains lifted industrial activity, while economists had expected a smaller 0.4% increase, the Fed said.
- On Friday, the Federal Reserve reported that US industrial production climbed 0.7% in September, exceeding the 0.4% increase economists expected.
- Manufacturing output rebounded 0.3% last month following a revised 0.2% decline in August, with capacity utilization in the Industrial sector rising to 76.9%.
- Utilities jumped 3.5% amid demand for air-conditioning, while Durable goods manufacturing increased at a 3.8% rate in the third quarter, partly boosted by a 28.4% surge in semiconductors.
- Headwinds from the Middle East conflict, snarled supply chains, and higher energy prices threaten production, the Federal Reserve noted, alongside a trade war with Canada.
- Industrial output increased 2.2% year-on-year in September, though capacity utilization remains below its long-run average as economists warn rising costs could soon weigh on demand.
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16 Articles
Industrial production in the United States rose 0.7% in September compared to the previous month, according to data released this Friday by the Federal Reserve (Fed, American central bank). The reading was well above the average estimate of some analysts, by 0.4% increase. In relation to the same period of the previous year, there was growth of 2.2% Exclusive material for subscribers. To have full access, access the link of the material and regi…
U.S. Industrial Production Climbs More Than Expected In September
A report released by the Federal Reserve on Friday showed industrial production in the U.S. increased by more than expected in the month of September. The Fed said industrial production climbed by 0.7 percent in September following a revised 0.1 percent uptick in August.
Industrial production rebounded 0.3% last month, after a revised decrease of 0.2% in August, the Federal Reserve reported Friday, in line with economists’ expectations
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