Low pickup in US output still exceeds forecasts

Factory production in August climbed 0.9 percent, Federal Reserve System economists said. It was the second-lowest increase of the year, but still stronger than many analysts expected.

The housing boom, softening because of high mortgage rates, still pulled production of construction supplies and home goods up sharply for another month. On the negative side, the telephone strike cut into the month's output of commercial equipment. The output of steel and automobiles made only moderate gains.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK