U.S.industrial Production falls unexpectedly on hurricane Sandy

Note: This section contains information in English only.
Source: Bloomberg
Industrial production fell unexpectedly on power disturbances caused by hurricane Sandy. Factory output tumbled 0.4% in October after advancing 0.2%, lower than expected, the prior month. The U.S. factories suffer from euro-area's recession, and economic growth slowdown in Asia. The industry might be also hit by $ 607 billion automatic tax increases and spending cuts throughout the year 2013. Manufacturing, the main contributor to total production, dropped 0.9% in October, while output utilities lost 0.3%, after no changes the previous month. Motor vehicle output eased 0.1%, and business equipment production contracted 1.2%, showing the biggest decline since 2008. The only gainer was mining production, rallying 1.5% and gaining the most since October 2011.

"Uncertainties over taxes hitting capital spending and problems overseas have hit the manufacturing sector," said John Ryding, chief economist at RDQ Economics in New York.


Back to articles

Actual Topics

Mon, 19 Nov 2012 08:21:02 GMT

Asian stocks advance on Obama's confidence reaching a budget agreement

The MSCI Asia Pacific Index was 1.1% higher to 121.18 points in the second part of Tokyo trading hours on Monday. Asian equities increased for a second day, setting the regional benchmark for the biggest advance in last two months, as Barack Obama, the President of the U.S., expressed his confidence regarding the fiscal cliff solutions and agreement with Congress

Fri, 16 Nov 2012 19:07:46 GMT

Ruble Lost on U.S. and Europe Deficit

The Ruble dropped for the first time since Tuesday on forecasts that budget deficits in the U.S and the euro region will postpone the world economic recovery made investors take away money from riskier assets. The Russian currency decreased 0.3% against the Dollar and traded at 31.7452 per dollar spreading its fourth week decline to 0.4%. The rubble was little

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.