Manufacturing Output Steadies Despite Inflationary Pressures

Total industrial production (IP) increased 0.6% (+3.9% YoY) in July. Manufacturing output gained 0.7% after having fallen 0.4% in each of the two previous months. The production of motor vehicles and parts rose 6.6%, while factory output elsewhere moved up 0.3%. The index for mining increased 0.7% (oil and gas drilling reached a seven-year high), while the index for utilities decreased 0.8%.

Full Article

Sign Up for Our Newsletters

Get notified of our top breaking news

You May Also Like

Prices Are Softening in the Forest Products Sphere

Prices Are Softening in the Forest Products Sphere US forest industry performance…

Automotive Supply Chains of the Future & Tire Sector Circularity

Automotive Supply Chains of the Future & Tire Sector Circularity Jane Denny…

2022 Closes with Continued Drops in US Forestry Industry

2022 Closes with Continued Drops in US Forestry Industry As 2023 gets…

Forest Industry & Manufacturing Performance Steadied in September

Forest Industry & Manufacturing Performance Steadied in September US forest industry performance…