Mon, 17 Sep 2012 05:52:01 GMT
US industrial production tumbled in August
US industrial output contracted the most in three years in
August amid oil production cuts and slowing factory production. National
industrial production slumped 1.2% last month while factory output slid 0.7%,
indicating retailers' reluctance to purchase inventories during global economic
uncertainty. Meanwhile, retail sales climbed for the second consecutive month
on increasing spending on fuel. However, experts claim that positive retail
sales data were a result