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A report released Friday shows industrial production in the U.S. fell for the second consecutive month, the latest confirmation the economy lost some ground in the third quarter of the year.
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Retail sales in the U.S. posted another gain in August, leaving some wondering if it will be enough to push the Federal Reserve to hike interest rates from near zero for the first time in several years.
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The amount of activity at the nation’s factories, mines and utilities turned in its best performance in eight months during July, according to a new Federal Reserve report on Friday.
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Economic Watch: Existing-home sales increased in June to their highest pace in over eight years, according to figures released Wednesday by the National Association of Realtors, while a separate report shows post-recession industrial production levels are not as strong as earlier thought.
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Wholesale prices advanced 0.4% in June, according to the U.S. Labor Department, more than many analysts were expecting.
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U.S. industrial production fell 0.3% in April for its fifth consecutive monthly loss, according to a Federal Reserve report issued Friday.
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For the first quarter of 2015 this measure of the total activity at the nation’s factories, mines and utilities declined at an annual rate of 1%, the first quarterly decrease since the second quarter of 2009.
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UPDATED -- Industrial production in the U.S. increased 0.1% in February from the month before, but is 3.5% higher than the same time a year ago.
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Consumer prices fell 0.4% in December from the month before, according to new U.S. Labor Department report, the biggest decline in six years.
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U.S. industrial production surged in November by 1.3% from the month before, the largest gain since May 2010, according to new U.S. Federal Reserve figures.
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