Output jumps, capacity usage up in latest US report

15 January 2021

 

Summary: US output jumps in December; rise much higher than expected figure; capacity utilisation rate increases to mid-70s.   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...

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