U.S. industrial production the soil
Recently, news about U.S. industrial production have been mixed.
The federal reserve, according to data released on August 14, the United States in July industrial production continued to rebound, with manufacturing production have also rebounded. In July, including factories, mining and utilities companies output of industrial production rose by 0.6%, from 0.1% growth.
U.S. manufacturing production after a fall of 0.3% the previous month, 0.8% rally in July, mining production in July increased by 0.2%, public utilities production fell 1%. The federal reserve has said that, manufacturing rebound is mainly due to the surge in automobile production. Excluding auto production, manufacturing production rose only 0.1% in July.
But according to the reference news website reported on August 17, by the new orders and shipments plunged in August, the United States on August the New York fed manufacturing index is 14.92, a new low since 2009, far worse than accept the MarketWatch site survey of economists on average expect 4.5. Detailed data, the new orders index in August fell from July - 3.5 to 3.5, shipments index fell from 7.9 in July to 7.9. In good condition index rising over the next six months, at 7 to 33.6.
The data was released, the dollar fell quickly, or narrow, U.S. stocks period refers to the fall. This is far less than the expected data may weaken the market expectations for the fed to raise interest rates in September. On August 23, the Washington post published stories, said U.S. manufacturing is still not out of from the recession.
From just good and then fell back U.S. industrial production data, the U.S. economic recovery is not ideal, manufacturing has not looked up.
Industrial production slow recovery
Since this year, a stronger dollar and oil and gas industry investment slowed partly restrain the expansion of American manufacturing. With the increase of car purchases in July, retail sales growth, generally also August auto assembly line may as busy as in July. Measure indicators suggest that U.S. auto production in July increased by 10.6%; Mining production in July increased by 0.2%, 0.7% growth in June; Oil and gas drilling in July rose 1.3% month-on-month and growth for the first time since September last year, a 4% drop in June; June July utilities production fell 1.0%, an increase of 2.3%.
Data published before, strategist at td securities that di goldberg said U.S. manufacturing rebound are common signs of improvement in economic activity, the saw strong growth in new orders for the coming months.
Review data, Reuters said, the United States in July for strong growth in industrial output rate, the overall performed better than expected, the main reason is that the United States in July output recorded the biggest increase of automobile industry, to offset the decline in June, also recorded a certain increase of mineral industry, total shows the U.S. economy situation positive, in the third quarter or strong growth.