none
none

Cold weather puts bite on US manufacturing

31-08-2010
by 
in 
Cold weather puts bite on US manufacturing

US manufacturing output fell unexpectedly in January, recording its biggest drop in more than four and a half years, as cold weather disrupted production.

Factory production fell 0.8 percent last month – the largest decline since May 2009, the Federal Reserve said in a recent statement.

Output had increased by 0.3 percent in December.

The Federal Reserve attributed the first decline in factory output to “severe weather that curtailed production in some parts of the country.’’

Manufacturing joined retail sales and employment, suggesting a step-back in growth early in the first quarter as cold weather takes its toll.

The drop in factory output and a 0.9 percent fall in mining weighed on overall production, which fell 0.3 percent in January, the biggest drop since April.

Production at the nation’s mines, factories and power plants had increased 0.3 per cent in December.

But freezing temperatures boosted demand for heating last month, causing utilities production to jump 4.1 per cent.

Related news & editorials

  1. 22.02.2018
    22.02.2018
    by      In
    As part of LAND 400 defence bidding, Australia stands to receive international technology that would allow world-leading ballistic armour to be produced in a local environment. 
    If bidding is sucessful, RUAG Australia will produce the cutting-edge ballistic armour for 225 Australian Army Combat... Read More
  2. 22.02.2018
    22.02.2018
    by      In
    As the sheer scale of corporate and private food waste continues to grow as a political and economic issue, more and more groups are stepping up to show just how much our wasteful practices are costing us. 
    The newly formed Australian Food Cold Chain Council aims to address food wastage by tackling... Read More
  3. 22.02.2018
    22.02.2018
    by      In
    Carnegie Clean Energy has received a grant of AU$3 million from the government of South Australia to build a 2MW battery system near Adelaide.
    The 2MW/500kWh storage project will be installed on the site of the former General Motors Holden manufacturing facility in Elizabeth.
    The grant was awarded... Read More
  4. 22.02.2018
    22.02.2018
    by      In
    Even as large automotive brands pulled out of Australian manufacturing, truck manufacturer Iveco has been pushing into the Australian market, increasingly selling and manufacturing on-shore. 
    Along with Volvo/Mack and Kenworth/DAF, Iveco is one of a few truck manufacturers still building in... Read More