Thu, 16 Aug 2012 13:01:27 GMT
U.S. industrial output added 0.6% in July
In
today's report, the Fed said that U.S.
industrial production grew for a third straight month and added 0.6% in
July, after jumping 0.1% in June. The
improvement in data may influence the Fed's decision whether to launch another
quantitative easing or not. Meanwhile,
the manufacturing output jumped by 0.5 per cent, while mining output added 1.2%,
and utilities output rocketed 1.3%.