Saturday , January 16 2021

US industrial product dropped again … "Pressure on global economic slowdown"

NEW YORK (Reuters) – Production in the United States fell again last month,

The Federal Reserve, the central bank, said on March 16 that industrial production in March dropped by 0.1 percent per month.

The drop was 0.4 percent in January, and in February it increased by 0.1 percent. The US Wall Street Journal (WSJ) surveyed by experts has exceeded expectations (a 0.2 percent rise).

However, industrial production in March increased by 2.8% compared to the same period of the previous year.

Ford's automobile production line in Michigan, USA

Ford's automobile production line in Michigan, USA [로이터=연합뉴스]

Production production, which covers more than three quarters of industrial production, remained unchanged compared to deliveries.

Production in February was revised by 0.3 percent of the initial drop of 0.4 percent.

Production in the first quarter of this year dropped by 1.1% compared to the same period of the previous year and decreased for the first time in the quarter after dropping 1.6% in the third quarter of 2017.

Production of mines fell by 0.8 percent, while production of cars and similar parts fell by 2.5 percent. Communal production increased by 0.2 percent.

Bloomberg said companies are responding to inventory growth, global trade uncertainties, and the prospect of a slowdown in the economy, suggesting a further slowdown in production.

The WSJ analyzed that the global economic crisis is a signal that pushes the manufacturing sector in the United States.

The use of industrial equipment fell from 79% to 78.8%.

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2019/04/16 23:16

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