September’s growth in US industry is really a downshift, if you look closely

October 28, 2013
October 28, 2013

Just-released industrial production data for the US didn’t look so bad at first. Month-over-month, industrial output expanded by 0.6% in September, slightly better than expected.

Tap image to zoom

But the better-than-expected news was largely driven by a weather-related rebound in utility production.

Tap image to zoom

Meanwhile, manufacturing production rose a disappointing 0.1% in September, compared to August. And excluding manufacturing of autos and auto parts, it was dead flat.

Tap image to zoom

Top News

Powered by WordPress.com VIP
Follow

Get every new post delivered to your Inbox.

Join 23,506 other followers