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Nondurable manufacturing output rose 0.7% amid broad gains. Mining output advanced 1.8% after falling 0.5% in November. Utilities production rose 2.1%, driven by a 6.2% increase in natural gas ...
Government data on Thursday showed manufacturing output rose at an annualized rate of 0.9% in the fourth quarter. It grew 1.6% in 2023 compared to 0.8% in 2022.
U.S. manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its manufacturing PMI fell ...
Manufacturing, which accounts for 10.3% of the economy, continues to tread water in the aftermath of the U.S. central bank's aggressive monetary policy tightening between March 2020 and July 2023.
Government data last month showed manufacturing growing at a 3.2% annualized rate in the third quarter and contributing to the economy's 3.1% pace of expansion during that period.
U.S. manufacturing production unexpectedly fell in January, weighed down by a sharp decline in motor vehicle output. Factory output dipped 0.1% last month after a downwardly revised 0.5% rebound ...
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The ISM said its manufacturing PMI rose to 47.2 last month from 46.8 in July, which was the lowest reading since November. A PMI reading below 50 indicates contraction in the manufacturing sector ...