Production of vehicles, parts, lifts US industrial output in March; Feb figures revised up

16 April 2024

 

US industrial output up 0.4% in March, in line with expectations; flat over past 12 months; ANZ: rise in vehicles, vehicle parts main driver of increase; US Treasury yields rise; rate-cut expectations soften; capacity utilisation rate up at 78.4%, still below long-term average. The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the United States. These sectors are thought...

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