Growth in US industrial production in December exceeded forecasts

113783

In December 2018, industrial production in the United States grew by 0.3%, according to a report by the Federal Reserve System (FRS). Experts had expected growth of 0.2%. Industrial production indicators have improved in the process industry. The figure rose by 1.1%, although experts assumed that growth would be only 0.3%. Production in the automotive industry grew by 4.7%. The production of computers and components grew by 1.3%. Production of building materials increased by 1.6%. The output in the defense and aerospace industries increased by 2.3%. At the same time, the volume of industrial production in the light industry increased: the output of food and tobacco products increased by 0.9%, clothing - by 0.4%. The reduction in production was noted in the areas of production of industrial equipment and oil and gas production. Production capacity in December was used at 78.7% versus 78.6% in November.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: