• Industrial Production Increased 0.2% in November

    1 month ago - By Calculated Risk

    From the Fed: Industrial production and Capacity Utilization
    Industrial production moved up 0.2 percent in November after posting an upwardly revised increase of 1.2 percent in October. Manufacturing production also rose 0.2 percent in November, its third consecutive monthly gain. The output of utilities dropped 1.9 percent. The index for mining increased 2.0 percent, as oil and gas extraction returned to normal levels after being held down in October by Hurricane Nate. Excluding the post-hurricane rebound in oil and gas extraction, total industrial production would have been unchanged in...
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  • Global stocks mixed as investors await US tax deal

    Global stocks mixed as investors await US tax deal

    1 month ago - By Chron

    HONG KONG - World stock markets were mixed on Friday as investors waited to see if U.S. politicians could pass tax reform legislation before Christmas.
    KEEPING SCORE: France's CAC 40 shed 0.4 percent to 5,337 and Germany's DAX lost 0.2 percent to 13,044. Britain's FTSE 100 edged up 0.1 percent to 7,458 after EU leaders said they would allow the Brexit talks to move on to the next stage, including trade. Wall Street was poised to open slightly higher. Both the Dow and S&P 500 futures were up 0.3 percent.
    TAXING TIME: President Donald Trump's $1.5 trillion U.S. tax overhaul was teetering on...
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  • US industrial production rose 0.2 percent in November; gains mostly came from restarting oil and natural gas drilling

    1 month ago - By Chron

    WASHINGTON - US industrial production rose 0.2 percent in November; gains mostly came from restarting oil and natural gas drilling.
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  • US industrial production rose 0.2 percent in November

    1 month ago - By Chron

    WASHINGTON - U.S. industrial production rose 0.2 percent in November due to a rebound in extracting oil and natural gas after a stoppage due to Hurricane Nate.
    The Federal Reserve said Friday that mining activity climbed 2 percent last month, while manufacturing activity rose 0.2 percent. Production of machinery and primary metals contributed to gains in the factory sector, while the overall growth for industrial output largely came from restarting oil and natural gas drilling.
    Production at utilities fell 1.9 percent.
    During the past 12 months, total industrial production has increased...
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