US industrial production up 0.1% in Feb, manufacturing output up 0.8%
17 Mar 24 1 min read
Insights
- US industrial production rose by 0.1 per cent in February after falling by 0.5 per cent in January, the Federal Reserve said.
- Capacity utilisation for the industrial sector was 78.3 per cent in the month.
- Manufacturing output in the month rose by 0.8 per cent after falling by 1.1 per cent in January. The output of most major market groups rose in February.
At 102.3 per cent of its 2017 average, total industrial production in February was 0.2 per cent below its year-earlier level.
Capacity utilisation for the industrial sector remained at 78.3 per cent in February, a rate that is 1.3 percentage points below its long-run (1972–2023) average.
The output of most major market groups moved up in February. An exception was the index for consumer goods, which declined by 1.4 per cent.
- Global manufacturing PMI reaches 22-month high in May 2024
- PMI signals modest improvement in US manufacturing sector: S&P Global
- Turkiye's domestic producer price index rises in May 2024
- Vietnam's manufacturing sector shows slight improvement in May
- US’ scrutiny of Chinese imports & tariffs threaten inflation battle
- MCCI urges Dhaka to take steps to stabilise forex reserves, inflation
Within materials, all market groups posted gains except energy materials, the output of which fell by 0.2 per cent, a Fed release said.
Capacity utilisation for manufacturing increased by 0.6 percentage point to 77 per cent in February, a rate that is 1.2 percentage points below its long-run average.
Fibre2Fashion News Desk (DS)
Popular News
|
Limited trade in cotton yarn as north India awaits poll outcomes |
|
Cotton sowing in north India may drop amid pest concerns, crop delayed |
|
ICE cotton prices plunge to new low on weak demand |
|
Artistic Milliners & Germany’s Vizoo partner for material digitisation |
|
China's fabric exports rise in Q1 2024; Vietnam leads as top market |
|
Fabric makes up over 64% of China's textile exports to India |