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US industrial production takes flight and registers an increase of 0.3% in September

US industrial production takes flight and registers an increase of 0.3% in September

The industrial production of USAwhich had stagnated in August (0%), grew again in September, 0.3%, although in one year it has advanced the least, 0.1%, according to data published this Tuesday by the Federal Reserve ( Fed).

The greatest increase in industrial production occurred in construction, which grew by 1%. The production of consumer goods increased by 0.3%, that of materials by 0.4%, the same as that of non-industrial supplies, while that of office and business equipment fell by 0.7%.

In one year, the largest drop in industrial production occurred in construction, which fell by 2%, while business and non-industrial equipment fell by 1.7%. The production of materials rose by 0.9% and that of consumer goods by 0.1%.

The industrial capacity used increased two tenths in a month, up to 79.7%. In one year, the US industry has increased its used capacity by 1.5%.

The industrial production data are known in a context in which the evolution of the world’s leading economy and the effects that interest rate increases are having in reducing inflation are closely monitored.

The United States economy grew half a point in the second quarter as confirmed in its third and final calculation by the Bureau of Labor Statistics (BEA), which also leaves the calculation of the annual rate at which the Gross Domestic Product advanced at 2.1%. .

These data show a slowdown in the growth of the world’s leading economy, since the BEA has revised upwards the progress of the first quarter, which was 0.6%, with an annual rate of 2.2%, in both cases one tenth above what was previously calculated.

The latest data on the Gross Domestic Product (GDP), published in September, showed that the United States grew 0.5% in the second quarter as confirmed in its third and final calculation by the BEA, which also leaves it at 2.1%. the calculation of the annual rate at which the GDP advanced.

These data mark a slowdown in the growth of the world’s leading economy, which in the first three months of the year grew by 0.6% in quarterly terms and at an annual rate of 2.2%.

Source: Larepublica

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