16
Oct
US industrial output rises again
US industrial production rose more than expected in September,
growing for the third straight month, the latest official figures
have shown.
Output across the country's factories, mines and other
industrial facilities expanded 0.7% in September, said the data
from the Federal Reserve.
This was higher than the 0.2% rise expected by analysts and
followed an upwardly revised 1.2% in August.
The US industrial sector is recovering more quickly than the
retail sector.
While industrial output continues to grow, recent official
figures from the Commerce Department showed that September's US
retail sales registered the biggest monthly fall so far this
year.
The 1.5% decline in retail sales last month was driven by
plummeting car sales following the end of the government's
scrappage scheme.
source: www.bbc.co.uk/news