Usa Washington covid-19 pandemic Usa Washington

US industrial production growth slows, up 0.4% in August

Reading now: 288
www.clickorlando.com

WASHINGTON – U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounce back recorded in previous months when factories were coming back to life.The slight uptick followed gains of 3.5% in July and 6.1% in June, when the industrial sector knocked down by the pandemic began to rebound.

For August, manufacturing rose 1% but mining, which includes oil and gas exploration, fell 2.5%, the Federal Reserve reported Tuesday.

Production at the nation's utilities was off 0.4%.It's the fourth consecutive monthly increase after COVID-19 sent production plunging in March and April.

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA