Market news
16.04.2019, 13:37

U.S. industrial output unexpectedly decreases in March

The Federal Reserve reported on Tuesday that the U.S. industrial production edged down 0.1 percent m-o-m in March, following an upwardly revised 0.1 percent m-o-m increase in February (originally flat m-o-m performance). 

Economists had forecast industrial production would rise 0.2 percent m-o-m in March. 

According to the report, manufacturing production was unchanged m-o-m in March after dropping in both January and February. At the same time, the index for utilities increased 0.2 percent m-o-m, while mining output decreased 0.8 percent m-o-m.

Capacity utilization for the industrial sector decreased 0.2 percentage point m-o-m in March to 78.8 percent. That was 0.3 percentage points below economists’ forecast and 1.0 percentage point below its long-run (1972–2018) average. 

In y-o-y terms, the industrial output rose 2.8 percent in March, following an unrevised 3.6 percent advance in the prior month. That marked the slowest rate of growth in industrial production since May 2018.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location