Industrial output up in US; annual contraction rate slows

17 November 2020

 

Summary: US output resumes expanding; rise just above expected figure; capacity utilisation rate increases following September decline.   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 as a component. Production began recovering in May...

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