us industrial output in 2017 posts biggest gain since 2010
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US industrial output in 2017 posts biggest gain since 2010

Arab Today, arab today

Arab Today, arab today US industrial output in 2017 posts biggest gain since 2010

US industry surged back to life in 2017, posting the biggest increase in output in seven years, with the largest
Washington - Arab Today

US industry surged back to life in 2017, posting the biggest increase in output in seven years, with the largest gain in the mining sector, the Federal Reserve said Wednesday.

Industrial production rose 3.6 percent for the year on an 11.5 percent surge in mining activity, the biggest gain for that sector since 2014.

The vital manufacturing sector posted its largest increase in six years, rising 2.4 percent, the Fed said in the monthly report.

For the final month of the year, total output rebounded 0.9 percent compared to November, on a large jump in utilities, far stronger than even the most optimistic analysts were expecting.

But the December increase came after the November result was revised to show a slight decline instead of a slight increase, according to the Fed data.

The monthly rise included a 1.6 gain in mining, attributed primarily to oil and gas extraction, and a 0.1 percent rise in manufacturing output, its fourth consecutive increase.

The fourth quarter was particularly strong, jumping 8.2 percent, after back-to-back Hurricanes Harvey and Irma disrupted industrial activity in the prior quarter.

For all of 2017, the gains were broad-based, with only a few categories showing declines.

The biggest gains were in machinery, plastics and metal products, with a tepid 0.4 percent rise in motor vehicles and part.

The largest declines were in clothing, paper products, appliances and furniture.

Total industrial capacity in use in the final month of the year was at 77.9 percent, which is an increase of 1.1 points over December 2016, the report said.

But the manufacturing sector still shows a higher rate of idle capacity and at 76.4 percent it is running two points below its long-run average

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us industrial output in 2017 posts biggest gain since 2010 us industrial output in 2017 posts biggest gain since 2010

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us industrial output in 2017 posts biggest gain since 2010 us industrial output in 2017 posts biggest gain since 2010

 



GMT 02:06 2017 Wednesday ,25 October

May22/Jun21

GMT 09:55 2017 Saturday ,30 December

rugby centre Fofana suffers new injury blow

GMT 08:56 2015 Sunday ,04 October

Nickel crisis rocks French islands in Pacific

GMT 01:34 2017 Wednesday ,18 October

Cameron makes case for Britain to join Syria air strikes

GMT 15:59 2017 Tuesday ,04 April

Slovakia must be part of European core

GMT 01:44 2017 Thursday ,03 August

Qatar celebrates World Arabic Language Day 2016

GMT 02:01 2017 Sunday ,08 October

June22nd-July23rd

GMT 21:16 2018 Thursday ,13 December

Egypt, Algeria sign MoU to increase trade exchange

GMT 05:31 2015 Sunday ,02 August

Tiger falters as Merritt, Chappell share PGA lead
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday