2023-10-17 15:25:28
The Fed announces an increase of 0.3% compared to August, while analysts were counting on stagnation.
Industrial production in the United States increased slightly in September compared to the previous month, the data for which was also revised downwards, according to data published Tuesday by the American Federal Reserve (Fed).
Over the last month, industrial production increased by 0.3% compared to August, whose production was revised downward as stable, and no longer up by 0.4% as initially announced.
It is also better than expected since analysts anticipated another month without growth for industrial production, according to the consensus published by briefing.com.
In detail, manufacturing production is increasing a little more markedly than the average, (+0.4%) but remains 0.8% below its level observed a year ago, and remains down on the three recent months (-2.4% annualized).
Mining production also increased by 0.4%, a fourth consecutive month of increase and an increase of 6.9% year-on-year.
On the other hand, public services, which mainly concern the distribution of water, gas or electricity, fell by 0.3% in September.
The industrial capacity utilization rate is almost stable (+0.1%) to reach 77.8%, i.e. a rate of 0.4% below its long-term average (between 1972 and 2022).
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