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September 16, 2003
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Tuesday
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Rajab 18, 1424
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US factories
WASHINGTON, Sept 15: US manufacturers trimmed output in August, snapping three months of gains and throwing hard-hit factories into the shadows of an emerging economic recovery, data showed on Monday.
Manufacturing output eased 0.1 per cent in August, the Federal Reserve figures showed.
Other areas of US industry picked up, however, with utilities boosting output 1.9 per cent and mines producing an extra 0.2 per cent.
As a result, overall US industrial production increased 0.1 per cent.
Factories lowered production of big-ticket durable items by 0.2 per cent, and cut output of other items by 0.1 per cent.—AFP
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