Severe weather, supply chains drag on US Feb output

16 March 2021

 

Summary: US output contracts in February; fall in contrast to expected figure; cold weather, supply chain issues blamed; capacity utilisation rate drops back to November level.   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...

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