Another quiet August for US output

15 September 2020

 

Summary: US output increases for fourth consecutive month; gain less than expected; August historically a quiet month; capacity utilisation increases slightly, still at depressed levels.   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 to be sensitive to consumer demand and so some leading indicators of GDP use industrial production figures...

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