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. 24.05.2018
    24.05.2018
    by      In
    Rio Tinto has announced that Australia’s Office of the National Rail Safety Regulator has approved the autonomous operation of trains at its iron ore businesses in WA.
    After several years of regulatory hurdles, delays, and slowly increasing coverage of its automated haulage network of freight... Read More
  2. 24.05.2018
    24.05.2018
    by      In
    A new reactive battery system has been switched on, stabilising the power grid of a coastal town with wildly variable energy demands.
    The autonomous system is located in the fishing village of Cape Jervis, and is part of a $3.65 million power stabilisation trial that could lead to town batteries... Read More
  3. 24.05.2018
    24.05.2018
    by      In
    The world of workplace health and safety descended on the Melbourne Convention & Exhibition Centre yesterday for the first day of the all-new Workplace Health & Safety Show. And it did so in big numbers, with the opening day attendance estimated in excess of 1200.
    It helped that the show is... Read More
  4. 23.05.2018
    23.05.2018
    by      In
    International industry leaders in renewable energy and storage are meeting in Adelaide for the 2018 Australian Energy Storage Conference and Exhibition.
    Sam Staples, AES Sales Manager and Conference Programme Manager, said South Australia’s ongoing work in the renewable energy sector makes it the... Read More