Manufacturing rebounds in US; “one-off factors” present

17 September 2019

 

The Federal Reserve’s industrial production 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. Figures from the latest report suggest some chance of an end to a recent run of months in which US production has gone backwards....

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