
US industrial production shifted into higher gear in November, with factories pumping out more goods, especially motor vehicle products and energy products, official data showed Monday.
Industrial output increased 1.3 percent as manufacturing production rose 1.1 percent, well above its average monthly pace of 0.3 percent over the prior five months, the Federal Reserve said.
The central bank revised higher the October industrial output reading to a 0.1 percent increase from a 0.1 percent decline.
The output of electric and gas utilities leaped 5.1 percent in November as unusually cold weather for the month boosted heating demand, the Fed said.
Mining output slipped 0.1 percent.
Compared with a year ago, industrial output was up 5.2 percent and capacity utilization rose 0.8 percentage point to 80.1 percent, bringing it in line with its long-run average rate.
Consumer goods production jumped 2.5 percent, the largest increase since August 1998. The production of all major durable and non-durable categories of consumer goods rose, with the strongest gains seen in consumer energy products and automotive products.
Output of consumer energy products rose 1.7 percent. Motor vehicles and parts production surged 5.1 percent, led by a 9.3 percent increase in cars and trucks output.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor