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Industrial output rises but factories stay weak
WASHINGTON — U.S. industrial production increased only modestly in September, held back by weak growth in factory output. The Federal Reserve said Tuesday that output at factories, mines and utilities rose 0.4 percent in September. That followed a 1.4 percent decline in August, which partly reflected precautionary shutdowns before Hurricane Isaac hit the Gulf Coast. […]
Factory output rose in April on stronger autos
WASHINGTON — U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow. The Federal Reserve said Wednesday that factory production rose 0.6 percent in April, erasing a 0.5 percent decline in March. Half of the April increase reflected a […]
Factory output jumps 0.7 percent in January
WASHINGTON — U.S. factories boosted output last month and December ended up being their best month of growth in five years. Strong auto sales and growing business investment in machinery and other equipment are keeping factories busy and helping the economy grow. The Federal Reserve said Wednesday that manufacturing production increased 0.7 percent in January. […]
U.S. factory output rose strongly in October
WASHINGTON — U.S. industrial production rose in October at the fastest rate in three months. Factories made more trucks, electronics and business equipment, a sign that manufacturing is recovering after slowing this spring. Output at the nation’s factories, utilities and mines rose 0.7 percent last month, the Federal Reserve said Wednesday. Factory output, the largest […]
Daily news important as markets face volatile week
DETROIT — A little good news could bring some stability back to Wall Street this week as investors look for bargains amid chaos. Then again, bad news could lead to continued volatility. It all depends on the news of the day. The Dow Jones industrial average swung more than 400 points four days in a […]
US factory output rises for 6th straight month
WASHINGTON — U.S. factories produced more cars, appliances, computers and furniture in February, lifting manufacturing output for the sixth straight month. The Federal Reserve says overall output at the nation’s factories, mines and utilities dipped 0.1 percent last month, the first decline since October. But that reflected a sharp drop in production at gas and […]
