none

SMALL SPIKE IN US MANUFACTURING ACTIVITY

26-02-2015
by 
in 

Factory output by US manufacturers edged up by 0.2 percent in January, according to latest industry data.

The Federal Reserve said the rise was due mainly to increased production of computers, clothing, steel and other metals.

This offset declines in the automobile and aerospace manufacturing sectors.

The data suggests manufacturing is still supporting economic growth, though is weaker than last year.

Analysts had predicted slightly higher growth rates for January, though observers say the numbers show manufacturing growth continues, albeit slowly, due to domestic demand.

At the same time, weak growth overseas has dragged down US factories' exports.

Overall industrial production, which includes mining and utilities, also increased 0.2 percent in January after slipping 0.3 percent in December.

Utility output rose 2.3 percent as heating demand increased.

Mining production fell 1 percent due to a big drop in oil and gas drilling.

Related news & editorials

  1. 20.07.2018
    20.07.2018
    by      In
    The Innovative Manufacturing CRC has signed a framework agreement with the Fraunhofer Society with the aim of increasing the awareness and uptake of Industry 4.0 in Australian manufacturing industry.
    The German Fraunhofer Society is one of Europe’s leading organisations for applied research, and... Read More
  2. 19.07.2018
    19.07.2018
    by      In
    The Australian Made Campaign has named Ben Lazzaro as its new Chief Executive, succeeding Ian Harrison, who steps down at the end of July. The announcement was made following the organisation’s board meeting this week in Melbourne.
    Lazzaro, who has an engineering and communications background, has... Read More
  3. 19.07.2018
    19.07.2018
    by      In
    Siemens Australia and Motorola Solutions have formalised their relationship to develop innovative technologies for Australia’s industrial sector via an exclusive partnership. Motorola Solutions has joined the Siemens’ Solution Partner Programme, becoming only the second company in Australia... Read More
  4. 18.07.2018
    18.07.2018
    by      In
    Australia’s only dedicated trade event for the electronics industry will this year be held in Sydney in September. Electronex – The Electronics Design and Assembly Expo will be staged on 5th and 6th September at Rosehill Gardens Event Centre with free parking for visitors.
    The expo is now in its... Read More