US industrial production January 2020

US industrial production January 2020

A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington.

Stephen Brashear | Getty Images

U.S. manufacturing output fell slightly in January, driven lower by Boeing’s decision to halt production of its troubled 737 Max aircraft.

The Federal Reserve said Friday that factory output declined 0.1% last month after eking out a 0.1% gain in December. Excluding the production of airplanes and parts, factory production rose 0.3%

U.S. manufacturing has shown signs of recovering from a year-long downturn but is facing a fresh challenge from Boeing’s troubles, which also affect hundreds of suppliers. Manufacturing output is down 0.8% in the past year, hurt by the U.S.-China trade war and slower global growth.

Overall industrial production, which includes output from mines and utilities, dropped 0.3% in January, held back by a 4% drop in utility production output because of unseasonably warm weather.

Source link

قالب وردپرس

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top