US Industrial Output Rose 0.2% In September

2011/10/19 10:50:00 24

US Industrial Output Rose Month By Month

In October 17th, the Federal Reserve announced

data

It shows that in September this year, the US industrial output increased by 0.2% compared to August, indicating the slow recovery of the US economy.

The report points out that the US industrial output growth in September was slightly higher than the revised zero growth rate in August, but slower than the revised 1.1% growth rate in July.

In September, the output of US manufacturing industry increased by 0.4% compared with the previous month, and the output of mining industry increased by 0.8%, while that of public sector output dropped by 1.8%.

The report also showed that the US industrial equipment utilization rate was 77.4% in September, still below 1972~2010 years.

Industry

Average operating rate of equipment 80.4%.

Economists believe that the growth of industrial output in September has brought positive signals to the weak American economy, but the unemployment rate in the United States is still high and residents' income is high.

Increase

Slowly, the prospect of consumption growth is uncertain, and US manufacturers are still cautious about the expansion of industrial production.