The output of U.S. factories fell in November, suggesting that weaker global demand and tighter financial conditions have become a drag on the manufacturing sector.
Factory production dropped by 0.6 percent in November after climbing an upwardly revised 0.3 percent in October. Economists had forecast a milder decline of 0.1 percent.
The decline was not just worse than expected, it was twice as large as the bottom estimates of forecasters surveyed by Econoday. Those estimates ranged from a gain of 0.2 percent to a decline of 0.3 percent. Business goods production fell by 0.8 percent, suggesting that businesses are pulling back from capital spending as financing costs rise and an economic downturn looms in the year ahead.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Forex Today: ECB, BoE, SNB All Expected to Hike by 0.50%Today's Forex news: 3 European Central Banks Expected to Raise Rates Today; Fed Hikes Rates by 0.50%; Fed Sees Rates Above 5% in 2023, Powell: Fed Has “Ways to Go”;
Leer más »
Cadillac Celestiq Demand Already Covers 18 Months Of ProductionCadillac chief engineer Tony Roma said the automaker has many more hand-raisers than it is 'going to be able to build in the first year, 18 months.'
Leer más »
Ford Adds Third Shift To F-150 Lightning Production Line To Cope With Huge Demand | CarscoopsFord says it has 'huge demand' for the electric pickup and that incoming tax incentives could make it even more desirable
Leer más »
US: Industrial Production contracts by 0.2% in November vs. +0.1% expectedUS: Industrial Production contracts by 0.2% in November vs. +0.1% expected – by eren_fxstreet IndustrialProduction Macroeconomics EconomicIndicator UnitedStates
Leer más »
'Vincenzo' cast and production team reunited after 2 years for wrap-up party | allkpopDo you still remember the ruthless Italian raised Mafia Consigliere Vincenzo (played by Song Joong Ki), his kick-ass partner Hong …
Leer más »
Tesla May Soon Announce Upcoming Factory In Mexico: ReportWe know Tesla is actively looking for a location for another factory, and we know North America is favored. Now, it looks like Mexico is the spot.
Leer más »