Industrial Output Posts Strongest Gain In Five Months

Wednesday, 15 Dec 2010 09:33 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
U.S. industrial output rose 0.4 percent in November, its biggest gain since July and the latest sign of a firmer end to the year for the world's largest economy, a report showed on Wednesday.

The increase was above a median forecast of 0.3 percent in a Reuters poll, and followed a downward revision of October's reading from flat to a drop of 0.2 percent.

Output rose 5.4 percent compared to one year earlier, according to the Federal Reserve data. A spike in utilities partly offset a sharp 6.0 percent decline in the production of motor vehicles and parts.

Capacity use, a measure of how fully firms are using their resources, rose to 75.2 in November from a revised 74.9 in October, but remained substantially below its long term average.

Officials at the U.S. central bank tend to look at utilization measures as a signal of how much "slack" remains in the economy — how much room growth has to run before it becomes inflationary.

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved