US manufacturing output rose in September, led by gains for aerospace products, furniture, clothing and plastics.
THE Federal Reserve said on Thursday that factory production rose 0.5 per cent in September after falling 0.5 per cent in August. Over the past 12 months, manufacturing output has increased 3.7 per cent.
The continued pace of manufacturing output will likely be a bellwether for the broader economy.Job growth has been solid for much of 2014, yet the stock market has been hammered over the past week over concerns about Europe's financial footing, the slowdown in China's economy and Ebola outbreaks across three continents.Stalled growth - if not the risk of recession - in much of Europe could cut into demand for US exports.Total industrial production surged 1 per cent last month, as output from mines and utilities both increased.Despite the gains, autos appear to have downshifted after driving much of the output growth of the past year.Factory production of motor vehicles and parts slid 1.4 per cent in September, the second straight monthly decline after tumbling 7 per cent in August.Most economists expected a decline after auto production soared in July, largely because there were fewer plant shutdowns in July made output look stronger after the government adjusted the figure for normal seasonal variationsThat decline was more than offset by improvements in other sectors. Furniture output rose 2.4 per cent in September, while aerospace products climbed 1.7 per cent. Clothing increased 1.5 per cent, as plastics, rubber, chemicals and computer production also improved.Anda sedang membaca artikel tentang
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