Industrial production in the United States saw a decline for the second month in a row in October, affected by special factors such as the strike of Boeing workers and the impact of hurricanes Despite this decline, industrial activity is expected to recover in the t – November factors going down.
The Federal Reserve Board (US central bank) announced on Friday that industrial production fell 0.3% in October, after registering a 0.5% decline in September, according to revised data these results were in line with expectations economists whose views are selected by Reuters.
The Central Bank indicated that the Boeing workers’ strike caused a decrease in industrial production by about 0.2 percentage points in October, compared to 0.3 percentage points in September, and hurricanes “Milton” and “Helen” ” also to reduce production by 0.1 percentage points It should be noted that Boeing workers ended their strike last week after reaching an agreement on new deal, while the effects of hurricanes decreased significantly.
On an annual basis, industrial production declined 0.3% in October, and factory output declined 0.5% in the same month, following a 0.3% decline in September, and the industrial sector recorded an annual decline of 0.3%.
It should be noted that the manufacturing sector, which represents 10.3% of the US economy, continues to suffer from pressure from high interest rates, and these pressures are expected to continue despite a shift the central bank to ease monetary policy in the future.
2024-11-15 20:32:00
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