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U.S. industrial output rises at stronger-than-expected rate in August on increase in oil drilling

Por: MarketWatch Politics September 15, 2023

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The capacity-utilization rate reflects the limits to operating the nation’s factories, mines and utilities.  Economists had forecast a 79.3% rate. Key details: Manufacturing inched up 0.1% in August, following a 0.4% gain in the prior month. The gain was held back by a 5% drop in the output of motor vehicles and parts. Excluding automobiles, factory output rose 0.6%. Mining output, which includes oil and natural gas, jumped 1.4% in August.... + full article



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