The growth of industrial production in the US exceeded forecasts in August

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In August, industrial production in the US increased by 0.4% compared to July, exceeding the forecast of experts who had expected growth of 0.3%. This was reported by the US Federal Reserve System. In the processing industry, output increased by 0.2% after an increase of 0.3% a month earlier. The increase is observed for the third month in a row. In August, production of cars and parts for them increased by 4%, of consumer goods - by 03%, of business equipment - by 1.28%. Utilities companies increased output by 1.2%, mining companies - by 0.7%. At the same time, oil and gas production decreased by 0.5% last month.

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