U.S. industrial production unexpectedly slipped in May, after two months of gains. Factories in the mid-Atlantic region saw a decline in activity for the first time since 2021 in June, according to the Federal Reserve Bank of Philadelphia. Production fell 0.2 percent last month, as manufacturing struggled under the weight of higher interest rates, after…
US Industrial Production Unexpectedly Falls in May After 2 Months of Gains
June 21, 2023
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Skyrocketing Energy Bills Deal Death Blows to Europe’s Factories
September 20, 2022
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Europe’s factories have begun succumbing to dangerously escalating energy bills following retaliatory Russian cutbacks, resulting in an inflation rate of more than 9 percent and a dip in industrial production, which is expected to worsen in coming days. Industrial production for July 2022 decreased by 2.3 percent in the eurozone—i.e., the 19 countries that use…
China’s Retail Sales Outpace Forecast, But Property Sector Overcasts Outlook
November 17, 2021
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China’s industrial production and retail sales climbed faster than forecast in October, according to official data. However, the Chinese regime’s new control measures against the Chinese Communist Party (CCP) virus pandemic and a weakening property sector have weighed down the economic outlook. According to China’s National Bureau of Statistics (NBS), retail sales increased by 4.9 percent…
US Industrial Production Rebounds to Above Pre-Pandemic Level
A new report from the Federal Reserve shows that U.S. factory production expanded in August though at a far slower pace than in July, with disruptions related to Hurricane Ida blamed for the relatively weak print. Still, total industrial production in August rose above its pre-pandemic level. After growing 0.8 percent in July, overall U.S….
Icy Weather Sends Industrial Production Down 2.2 Percent Last Month
WASHINGTON—Industrial output fell sharply in February as severe winter storms battered much of the country, disrupting a wide range of manufacturing activities from autos to chemical plants. The expectation is that the drop will be temporary although there are concerns about growing global supply chain problems. The Federal Reserve reported Tuesday that industrial production fell…
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