Reported 22 days ago
US manufacturing output increased by 0.9% in August, driven by a substantial 9.8% rise in motor vehicle production, following a drop in July. Despite this rebound, overall manufacturing remains challenged by high borrowing costs, and output is only up 0.2% compared to the previous year. The Federal Reserve anticipates easing policy to support recovery, as industrial capacity utilization rose to 78.0% in August.
Source: YAHOO