US industrial production returns to pre-pandemic level: Fed

US industrial production was held down in August by the damage inflicted by Hurrican Ida, especially on oil and chemical plants in Louisiana.WASHINGTON - Production by US factories, mines and utilities in August surpassed the level seen before the pandemic caused an unprecedented collapse, according to Federal Reserve data.

The monthly increase was in line with analysts' expectations and put it 0.3 percent above its level in February 2020, the last month of normalcy before the Covid-19 pandemic caused industrial output to contract sharply. "Our base case is that rising domestic and external demand keep the industrial sector on a solid growth trajectory, though gains will be capped by enduring supply chain and hiring constraint," Klachkin wrote.

Air pollution

Tazcrypto11 has all it takes to turn things well for you with his company platform and strategy on Bitcoin trade and other Crypto currencies..invest with him Tazcrypto11 and you will have a good return of your investments. He's The Best.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LETTER: We need to face it: Zuma is all of usTo cure ourselves, first we must confront the lies we tell ourselves I wish I contacted earlier Linda__Stouffe this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her she is very legit and God fearing person Linda__Stouffe I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. Lisamarkdonalld I really appreciate you. You're are just too legit keeping to your words 👏R33,000 profit received in my capitec bank account get in touch with Mrs lethica001
Source: BDliveSA - 🏆 12. / 63 Read more »

Pandor: Partnership with Huawei good for SA, but stay out of US fightThe international relations minister said Huawei has proven a good partner in uplifting local communities. I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. Lisamarkdonalld I really appreciate you.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

US PGA Tour's Zozo Championship to go ahead in JapanThe US PGA Tour's Zozo Championship will be held in Japan as planned next month after fears it could be moved for the second year running.
Source: eNCA - 🏆 49. / 51 Read more »

US and EU agree on cutting emissions by a thirdGlobal deal sought to slash planet-warming methane gas
Source: BDliveSA - 🏆 12. / 63 Read more »

Another US hurricane pushes oil prices upAt the same time, the International Energy Agency is forecasting a big demand rebound for the rest of 2021 I entrusted Dennismayson7 with my money since I took rush of investing my money with he platform, and since then I've recovered all I lost to scams. Get in touch with Dennismayson7 and get a good mentorship and safe trading.
Source: BDliveSA - 🏆 12. / 63 Read more »

Japan overtakes US in vaccination raceIsland nation’s rollout started slowly but has progressed quickly
Source: BDliveSA - 🏆 12. / 63 Read more »