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Utilities' output drags on US industrial production in April
15-05-2014 14:25
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US industrial production contracted at a 0.6 per cent month-on-month clip in April according to the US Federal Reserve, instead of remaining flat as expected by analysts.
In year-on-year terms output rose by 3.5% year-on-year.
Production of final products was down by 1% (consumer goods: -1.3%, business equipment: -0.5%), that of non-industrial supplies by 0.5% (construction: 0%) and that of materials by another 0.3%.
By industry groups manufacturing output declined by 0.4% over the month and that of utilities contracted another 5.3%. Mining output was 1.4% up.
The degree of capacity utilisation fell back to 78.6% from 79.3% in the month before.
AB
In year-on-year terms output rose by 3.5% year-on-year.
Production of final products was down by 1% (consumer goods: -1.3%, business equipment: -0.5%), that of non-industrial supplies by 0.5% (construction: 0%) and that of materials by another 0.3%.
By industry groups manufacturing output declined by 0.4% over the month and that of utilities contracted another 5.3%. Mining output was 1.4% up.
The degree of capacity utilisation fell back to 78.6% from 79.3% in the month before.
AB
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