Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

US industrial output falls below estimates in Jan

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/02/2015 (14:37)
According to a report published by the US Federal Reserve, the country’s industrial production grew at a slower pace than expected in January. Industrial output rose 0.2% in January on the back of a significant increase in utilities output. Economists’ initial estimates called for 0.3% for January.

The report showed that production in utilities climbed 2.3% in January following a decrease of 6.9% in the previous month. Manufacturing output also grew 0.2% in January while mining output was down 1% after increasing 2.1%in December.

Meanwhile, the country’s January capacity utilization rate was reported at 79.4%, unchanged on a month over month basis. Economists’ initial estimates called for an increase to 79.9%. The capacity utilization in the utilities sector rose to 78.2% in January while the reading fell to 87.5% in the mining sector.
Free Trial
Member Login