US Industrial Output Stalls in August as Manufacturing Falls 0.3%
Updated
Updated · Forex Factory · Sep 18
US Industrial Output Stalls in August as Manufacturing Falls 0.3%
3 articles · Updated · Forex Factory · Sep 18
Summary
US Industrial production was flat in August from July, while factory output slipped 0.3%, marking the main drag in the Federal Reserve’s report.
Utilities rose 1.8% on the month and mining added 0.1%, offsetting the manufacturing decline enough to leave overall output unchanged.
Industrial production still ran 1.4% above a year earlier; manufacturing was up 0.9%, mining 0.3%, and utilities 6.2%.
Capacity utilization held at 76.3%, unchanged from July and 3.1 percentage points below its long-run average, underscoring still-muted operating pressure.