us manufacturing sector shows strength in october
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US manufacturing sector shows strength in October

Arab Today, arab today

Arab Today, arab today US manufacturing sector shows strength in October

A mattress is tested for durability at the Colgate Mattress Factory in Atlanta
Washington - AFP

US manufacturers showed firm signs of life in October after a mid-year slowdown, but overall industrial output was lower due to the energy sector slump, Federal Reserve data showed Tuesday.

The Fed's industrial production index lost 0.2 points to 107.2, and showed a bare 0.3 percent gain from a year ago.

That was mainly due to the sharp contraction in the oil and coal mining sectors due to the plunge in fuel prices.

Utility sector output was also lower, in part because of a very mild autumn in much of the United States, slowing demand.

But the manufacturing sector, which had been suffering in part from the slowdown in the global economy and the impact on exports from the strong dollar, showed unexpected strength, jumping 0.4 points in the month. That turned into a 1.9 percent gain over the past 12 months.

There was strength last month in automobile output, business supplies and construction materials, all important to stronger overall growth in the US economy.

But another key category, consumer goods, was down slightly in the month, though 3.5 percent higher for the year.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us manufacturing sector shows strength in october us manufacturing sector shows strength in october

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us manufacturing sector shows strength in october us manufacturing sector shows strength in october

 



GMT 07:19 2017 Wednesday ,05 April

Global outcry over suspected Syria chemical attack

GMT 20:55 2017 Monday ,09 October

Illegal immigration attempt thwarted in Tunisia

GMT 06:57 2017 Tuesday ,17 October

Total termination’ of Iran nuclear deal possible

GMT 04:46 2017 Saturday ,03 June

Canada exports to US hit record high

GMT 09:50 2018 Tuesday ,11 September

Messahel to partake in Cairo in Arab League Council

GMT 13:54 2018 Saturday ,06 January

Rahi briefs Pope Francis on his visit to Saudi Arabia

GMT 01:01 2017 Tuesday ,26 December

Pakistan allows Indian 'spy' on death row

GMT 06:01 2017 Saturday ,23 December

Meryl Streep's brand under threat

GMT 01:15 2011 Friday ,15 April

Violent sandstorms create havoc in Iran

GMT 05:51 2017 Tuesday ,19 December

Trump to lay out 'America First' security strategy
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday