industrial production: Manufacturing output rose 0.3 per cent last month, up from 0.1 per cent in September, the Federal Reserve reported Friday. Factory output is the biggest component of industrial production, which also includes mining and utilities, according to 660 News. Manufacturing has been gaining strength in recent months. Output has risen in five of the past six months. And factories have stepped up hiring over the past three months, according to the governments October employment report released last week and WASHINGTON U.S. factories increased production for a third straight month in October, as stronger output of primary metals and furniture offset declines in auto production. Overall industrial production fell 0.1 per cent after a 0.7 per cent September gain. The mining sector, which includes oil and gas drilling, declined 1.6 per cent after six months of gains. Utility output fell 1.1 per cent.
(www.immigrantscanada.com). As
reported in the news.
Tagged under industrial production, Factory output topics.
16.11.13