2023-09-15 14:38:02
Washington (awp/afp) – Industrial production in the United States increased in August, but less than in July, weighed down by a fall in automobile production, according to data published Friday by the American central bank (Fed).
Industrial production increased by 0.4% in August compared to July. This is less than that of 0.7% for the month of July, according to data revised downwards and also published on Friday.
This is nevertheless better than expected, since analysts forecast an increase of only 0.2%, according to the Market Watch consensus.
In detail, manufacturing production remains almost stable (+0.1%), “slowed down by a 5% drop in the production of motor vehicles and parts”, underlines the Fed.
Mining production increased by 1.4%, while that of public utility services (water, electricity) increased by 0.9%.
Industrial production is 0.2% higher than its August 2022 level.
The industrial capacity utilization rate climbs to 79.7%, a level similar to the average calculated between 1972 and 2022.
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