US industrial output decreased in August

Manufacturing News, Source : TheManufacturer.com
Published : 17 Sep 2002 19:21

Industrial output from factories, mines, and utilities dropped 0.3% following a revised 0.4% gain in July, according to the Federal Reserve’s latest report.

Industrial output decreased 0.1% in August, after a seven consecutive month gain. The Institute for Supply Management’s index for industrial output posted a 50.5 reading in August which indicated only minimal growth in the manufacturing sector.

Automotive production decreased 0.5% in August, from a 13.25 million annual pace in July to a 12.91 million annual pace in August. The report also stated that output decreased in the home electronics, appliance, furniture, and carpeting sectors.

Comments on this story

click here to add a comment