Tue, 28 Sep 2021 Today's Paper

Industrial output flat in March as manufacturing falls

18 April 2012 08:43 am - 0     - {{hitsCtrl.values.hits}}

A A A


WASHINGTON | Tue Apr 17, 2012 10:01am EDT

(Reuters) - Industrial output was flat for a second straight month in March, held back by a drop in manufacturing, according to a Federal Reserve report on Tuesday that suggested a cooling in factory activity.

Economists polled by Reuters had expected industrial production to increase 0.3 percent last month.

For the first quarter as a whole, industrial production rose at an annual rate of 5.4 percent, with manufacturing advancing at a 10.4 percent pace - the largest gain since the second quarter of 2010.

Last month, manufacturing activity was dragged down by a sharp decline in the production of nonmetallic mineral products. Auto production increased 0.6 percent after rising 0.8 percent in February.

Utilities output increased 1.5 percent after edging up 0.1 percent in February. Production at mines rose 0.2 percent after falling 4.0 percent the prior month.

Capacity utilization, a measure of how fully firms are using their resources, fell to 78.6 percent from 78.7 percent in February. That was 1.7 percentage points below its long run average.

Officials at the Fed tend to look at utilization measures as a signal of how much "slack" remains in the economy -- how far growth has room to run before it becomes inflationary.

(Reporting By Lucia Mutikani; Editing by Chizu Nomiyama)

(Reuters)
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


A state-sponsored elephant racket in the works

A controversial new gazette has been issued seeking to employ elephants for w

Waiver of registration questioned: Import of covid related drugs, products shrouded in controversy

The National Medicines Regulatory Authority- the independent authority that r

Mysterious disease killing pups!

A mysterious respiratory disease affecting puppies in the Central Province is

Jacqueline Fernandez; Lankan Star Shining in Indian Film Sky

Sri Lanka’s Jacqueline Fernandez who has made a name for herself in India