Manufacturing workers at the LCI Industries glass components plant in Elkhart, Indiana. (Photo: AP)
U.S. industrial production came in at a strong 0.9% in December juxtaposed to the consensus forecast of 0.4%, while the Federal Reserve revised November down to -0.1%. The resurgence of the U.S. mining industry has been the story in this report for all of 2017.
It’s up 11.5% for the year and has been growing in significant jumps on a monthly basis, including a 1.6% surge in December.
However, manufacturing has notably slowed down, adding a modest 2.4% gain all year. Still, manufacturing production rose at a 7.0% rate in the fourth quarter (4Q).
Utilities production increased by a solid 5.6% last month after falling 3.1% in November and motor vehicle and parts production gained 2.0%.
With last month, capacity utilization — which is a measure of how fully industries are deploying their resources — increased to 77.9% in December from 77.2% in November.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.