FOREX TradingCharts.com

Financial News: U.S. Industrial Production Climbs 0.8% Amid Rebound In

U.S. Industrial Production Climbs 0.8% Amid Rebound In Utilities Output

01/18/2017 - 09:35:00 (RTTNews)

(RTTNews) - After reporting a drop in U.S. industrial production in the previous month, the Federal Reserve released a report on Wednesday showing that production rebounded strongly in the month of December.

The Fed said industrial production climbed by 0.8 percent in December after slumping by a revised 0.7 percent in November.

Economists had expected production to increase by 0.6 percent compared to the 0.4 percent drop originally reported for the previous month.

The rebound in industrial production reflected a bounce back in utilities output, which surged up by 6.6 percent in December after plunging by 4.6 percent in November.

The jump in utilities output, the largest since December of 1989, was largely because of a return to more normal temperatures following unseasonably warm weather in November.

Manufacturing output also rose by 0.2 percent in December after edging down by 0.1 percent in November, while mining output was flat after falling by 0.7 percent.

The report also said capacity utilization climbed to 75.5 percent in December from a revised 74.9 percent in the previous month. Economists had expected capacity utilization to rise to 75.4 percent.

Capacity utilization in the utilities sector spiked to 79.1 percent in December after tumbling to 74.3 percent in November.

The report said capacity utilization in the manufacturing and mining sectors also inched up to 74.8 percent and 78.1 percent, respectively.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong GDP Growth To Improve In 2017 (07 min(s), 32 sec(s) ago)
(RTTNews) - Hong Kong's economic growth is forecast to improve this year, driven by domestic d ...Full Story»

European Economics Preview: Germany's Ifo Business Confidence Due (15 min(s), 32 sec(s) ago)
(RTTNews) - Ifo business confidence survey from Germany and quarterly national accounts from the U ...Full Story»

China Home Prices Rise In January (19 min(s), 32 sec(s) ago)
(RTTNews) - House prices in majority of the Chinese cities increased at the start of the year, fig ...Full Story»

Malaysia Jan Inflation Accelerates More Than Expected (05 min(s), 28 sec(s) ago)
(RTTNews) - Malaysia's consumer price inflation accelerated at a faster-than-expected pace in ...Full Story»

Hong Kong GDP To Expand 2-3% In 2017 (43 min(s), 28 sec(s) ago)
(RTTNews) - Hong Kong's economy is forecast to grow 2-3 percent this year, Financial Secretary ...Full Story»

New Zealand Credit Card Spending Rises For Second Month (35 min(s), 28 sec(s) ago)
(RTTNews) - Total credit card spending in New Zealand increased for the second straight month in J ...Full Story»

Australia Q4 Construction Work Falls 0.2% (28 sec(s) ago)
(RTTNews) - The total value of construction work done in Australia fell a seasonally adjusted 0.2 ...Full Story»

Australia Construction Work Done Dips 0.2% In Q4 (25 min(s), 28 sec(s) ago)
(RTTNews) - The total value of construction work done in Australia was down a seasonally adjusted ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong GDP Growth To Improve In 2017

02/22/2017 - 01:21 AM (RTTNews)
(RTTNews) - Hong Kong's economic growth is forecast to improve this year, driven by domestic d ...Full Story>>

European Economics Preview: Germany's Ifo Business Confidence Due

02/22/2017 - 01:13 AM (RTTNews)
(RTTNews) - Ifo business confidence survey from Germany and quarterly national accounts from the U ...Full Story>>

China Home Prices Rise In January

02/22/2017 - 01:09 AM (RTTNews)
(RTTNews) - House prices in majority of the Chinese cities increased at the start of the year, fig ...Full Story>>

Malaysia Jan Inflation Accelerates More Than Expected

02/21/2017 - 23:34 PM (RTTNews)
(RTTNews) - Malaysia's consumer price inflation accelerated at a faster-than-expected pace in ...Full Story>>

Hong Kong GDP To Expand 2-3% In 2017

02/21/2017 - 23:12 PM (RTTNews)
(RTTNews) - Hong Kong's economy is forecast to grow 2-3 percent this year, Financial Secretary ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.