Friday, September 16, 2011

Summary Box: Factory output mostly weak in August (AP)

AUTO PRODUCTION UP: Factory output rose 0.5 percent in August, the Federal Reserve. Most of the gain came from a 2.6 percent increase in production of autos and related products.

INDUSTRIAL OUTPUT SLOWS: Overall output at the nation's factories, mines and utilities rose only 0.2 percent, in part because utilities produced less power. That was down from July's 0.9 percent increase.

WEAK SPOTS: Manufacturing contracted in the Northeast and Mid-Atlantic regions, according to regional surveys by Federal Reserve banks in New York and Philadelphia. The Philadelphia survey declined for the third month in four. The New York survey fell for the fourth straight month.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20110915/ap_on_bi_ge/us_industrial_production_summary_box

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