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. 15.03.2019
    15.03.2019
    by      In
    Flushed with success, Australian master distributor Control Logic took out all three awards from the prestigious Emerson Machine Automation Solutions 2019 Asia Channel meeting held in Shanghai. This was the company’s second consecutive successful year at the prestigious meeting, and included the “... Read More
  2. 15.03.2019
    15.03.2019
    by      In
    A circular economy represents a golden opportunity to combine corporate sustainability with profits, but is obstructed by weak chemicals legislations in every part of the world. In many cases, the corporate world is ahead of legislation, and the notion that there is a contradiction between... Read More
  3. 15.03.2019
    15.03.2019
    by      In
    Cicada Innovations, Australia’s home of deep tech, believes gender stereotypes preventing fathers’ uptake of parental leave are a major impediment to female participation in STEM, citing gender equality as a “business and economic issue” not a “female issue”.
    Cicada recently hosted a photo... Read More
  4. 15.03.2019
    15.03.2019
    by      In
    CSIRO’s digital innovation arm Data61 has opened its Robotics Innovation Centre in Pullenvale, near Brisbane, a purpose-built research facility for robotics and autonomous systems, an industry set to be worth $23 billion by 2025.
    Data61 is a global leader in the field, with projects ranging from... Read More