Top News
US August industrial output rises 0.2 percent
WASHINGTON : US industrial production rose 0.2 percent in August, slightly better than forecast, as a solid gain in ma
1 min
By
August's industrial output gain followed an unrevised 0.9 percent jump in July. Economists polled by Reuters had expected a 0.1 percent gain in August output.
Utility output fell 3.0 percent in August after rising 2.8 percent amid a July heat wave.
But manufacturing production rose 0.5 percent, with consumer durables rising a healthy 1.3 percent as automotive production rose. This followed an unrevised 0.6 percent rise in July factory output. Mining output rose 1.2 percent after a 1.1 percent rise in July.
Capacity utilization, which gauges firms' performance relative to their full potential, edged up to 77.4 percent in August, from a downwardly revised July reading of 77.3 percent.
Copyright Reuters, 2011