FOREX TradingCharts.com

Financial News: U.S. Industrial Production Rebounds Much More Than Expecte

U.S. Industrial Production Rebounds Much More Than Expected In August

09/17/2019 - 09:40:00 (RTTNews)

(RTTNews) - After unexpectedly reporting a modest drop in U.S. industrial production in the previous month, the Federal Reserve released a report on Tuesday showing industrial production rebounded by much more than anticipated in the month of August.

The report said industrial production climbed by 0.6 percent in August after edging down by a revised 0.1 percent in August.

Economists had expected industrial production to rise by 0.2 percent compared to the 0.2 percent dip originally reported for the previous month.

The bigger than expected rebound in production came as manufacturing output rose by 0.5 percent in August, more than reversing the 0.4 percent decrease in July.

The Fed noted factory output has increased 0.2 percent per month over the past four months after having decreased 0.5 percent per month during the first four months of the year.

Mining output also showed a substantial rebound, surging up by 1.4 percent in August after tumbling by 1.5 percent in July. Output in July had been suppressed by a cutback in oil extraction in the Gulf of Mexico due to Hurricane Barry.

Reflecting gains in both electric and natural gas utilities, utilities output increased by 0.6 percent in August after spiking by 3.7 percent in the previous month.

The report also said capacity utilization for the industrial sector climbed to 77.9 percent in August after dropping to 77.5 percent in July. Capacity utilization had been expected to inch up to 77.6 percent.

Capacity utilization for manufacturing increased to 75.7 percent, while capacity utilization for the mining and utilities sectors rose to 90.5 percent and 76.7 percent, respectively.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Belgium Consumer Confidence Improves In October (07 hr(s), 16 min(s), 27 sec(s) ago)
(RTTNews) - Belgium's consumer confidence rose for the first time in three months in October, ...Full Story»

Germany May Have Entered Recession In Q3: Bundesbank (08 hr(s), 20 min(s), 27 sec(s) ago)
(RTTNews) - Germany might have entered a technical recession in the third quarter, the Bundesbank ...Full Story»

Latvia Producer Price Inflation Rises In September (08 hr(s), 51 min(s), 27 sec(s) ago)
(RTTNews) - Latvia's producer price inflation rose in September for the first time in nearly a ...Full Story»

Slovenia Output Prices Rise Further In September (08 hr(s), 59 min(s), 27 sec(s) ago)
(RTTNews) - Slovenia's output price inflation rose in September, figures from the Statistical ...Full Story»

Croatia Jobless Rate Falls In September (09 hr(s), 48 min(s), 27 sec(s) ago)
(RTTNews) - Croatia's jobless rate fell marginally in September after remaining unchanged in t ...Full Story»

Swiss Money Supply Growth Weakest In 11 Months (09 hr(s), 49 min(s), 27 sec(s) ago)
(RTTNews) - Switzerland's money supply grew at the slowest pace in nearly a year in September, ...Full Story»

Poland Retail Sales Rise In September (09 hr(s), 58 min(s), 27 sec(s) ago)
(RTTNews) - Poland's retail sales grew in September from last year, figures from Statistics Po ...Full Story»

UK Household Finances Remain Under Pressure (10 hr(s), 01 min(s), 27 sec(s) ago)
(RTTNews) - UK households' perception of financial wellbeing remained negative in October but ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Belgium Consumer Confidence Improves In October

10/21/2019 - 09:40 AM (RTTNews)
(RTTNews) - Belgium's consumer confidence rose for the first time in three months in October, ...Full Story>>

Germany May Have Entered Recession In Q3: Bundesbank

10/21/2019 - 08:36 AM (RTTNews)
(RTTNews) - Germany might have entered a technical recession in the third quarter, the Bundesbank ...Full Story>>

Latvia Producer Price Inflation Rises In September

10/21/2019 - 08:05 AM (RTTNews)
(RTTNews) - Latvia's producer price inflation rose in September for the first time in nearly a ...Full Story>>

Slovenia Output Prices Rise Further In September

10/21/2019 - 07:57 AM (RTTNews)
(RTTNews) - Slovenia's output price inflation rose in September, figures from the Statistical ...Full Story>>

Croatia Jobless Rate Falls In September

10/21/2019 - 07:08 AM (RTTNews)
(RTTNews) - Croatia's jobless rate fell marginally in September after remaining unchanged in t ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.