Retail sales topped forecasts in November, growing at a robust pace for the third month in a row. Sales at retail and online stores increased by 0.7%, according to the Census Bureau on Tuesday. Car sales were behind the increase, yet sales also looked strong in other key components. The control ... READ MORE >
industrial production
Industrial production rises to highest level in three months
Industrial production rebounded in February after a two-month drop likely because of unfavorable winter weather. Overall volume rose by 0.1% on the back of robust manufacturing production, which grew by 0.8% on the month, the Federal Reserve reported on Friday. The total industrial production figure ... READ MORE >
Industrial production posts biggest drop this year amid strikes
Industrial production dropped by more than expected in October as the United Auto Workers strike was felt in the economy. Production of motor vehicle parts fell by 10%, marking the biggest drop since the beginning of the pandemic. The industrial production index declined by 0.6% on the month, according ... READ MORE >
Industrial production nears a record high as consumer sentiment falls
Industrial volume in August rose by 0.4% to the highest level in 11 months, nearing the record registered last September. The increase was stronger than expected, reflecting a boost from machinery production and mining, which increased by 2% and 1.4%, respectively. Those categories account for more ... READ MORE >
Industrial production and housing rebound in July, affirming GDP growth outlook
Industrial production, housing starts and permits in July have set the tone for a robust third quarter, as GDP growth is expected to be stronger than the long-run level of 1.8%. Industrial production rose 1% on the month, while housing starts and permits rose 3.9% and 0.1%, respectively, according to ... READ MORE >
Mixed signals from retail sales and industrial production data ahead of Fed meeting
Underlying retail sales showed a strong increase in June while industrial production posted another sharp drop, giving mixed signals on the health of the economy heading toward a pivotal period for rate hike decisions. Both data points, released by the government on Tuesday, are key factors ... READ MORE >
Industrial production falls for the first time since June
Industrial production fell by 0.2% in August, the first decline in three months, amid a slowdown in manufacturing and a sharp drop in electricity production. At the same time, mining outputs were flat, likely driven by lower oil prices as demand stalled. After a year and a half of robust growth, ... READ MORE >
Industrial production rose in July, tempering recession fears despite housing starts drop
While a sharp drop in U.S. housing starts in July will continue to put a dent in the residential investment component of third-quarter gross domestic product, the strong bounce back of industrial production volume should temper recession fears. U.S. industrial production beat estimates last month, ... READ MORE >
Consumer sentiment eases as industrial production falls
Consumer sentiment bounced off a historical low to 51.1 in July from 50.0 in June as gasoline prices eased markedly. That resulted in lower readings for inflation expectations for both the short-term one-year outlook and the long-term five- to 10-year expectations, according to survey data released by ... READ MORE >
Chart of the day: Industrial production hits a record amid signs of a slowdown
Industrial production in the United States hit a record in May, but signs of a coming economic slowdown emerged in the report released on Friday by the Federal Reserve. Production volume overall increased by 0.2% on the month for the fifth straight monthly gain. At the same time, manufacturing ... READ MORE >