US industrial production rose 0.4% in August

Economy 9/14/2018, 3:17 PM
US industrial production rose 0.4% in August

Industrial production in the United States increased 0.4% in August compared to the previous month, according to a new report by the Federal Reserve on Friday. Total industrial production was 4.9% higher in August on a yearly basis and represented 108.2% of the average from 2012. Capacity utilization for the industrial sector moved up to 78.1%.

Manufacturing output rose 0.2%, mostly due to the growth of the production of motor vehicles and parts, with motor vehicle assemblies rising to the highest level since April, an annual rate of 11.5 million units. Utilities advanced 1.2%, while mining production increased 0.7% in an uninterrupted upward trend since February.

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