Weak utilities demand restrains U.S. industrial production



U.S. industrial production barely rose in September as a rebound in manufacturing and mining output was offset by surprisingly weak demand for utilities, pointing to a moderate acceleration in economic growth in the third quarter.
Still, the mixed report from the Federal Reserve on Monday suggested that the industrial sector downturn has probably run its course. Gains in output are likely to be muted as the sector remains constrained by the lingering effects of the dollar's past rally, a collapse in oil prices and weak global demand.
"It is hard to have a full-blown, strong economic... read more

 
17 October 2016 in Business, Views: 33
Source: Reuters
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