Khoorious
2021-11-16
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U.S. Factory Output Rises More Than Forecast as Ida Impact Fades
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Like please","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/871501144","repostId":1123876967,"repostType":4,"repost":{"id":"1123876967","pubTimestamp":1637075318,"share":"https://www.laohu8.com/m/news/1123876967?lang=&edition=full","pubTime":"2021-11-16 23:08","market":"us","language":"en","title":"U.S. Factory Output Rises More Than Forecast as Ida Impact Fades","url":"https://stock-news.laohu8.com/highlight/detail?id=1123876967","media":"Bloomberg","summary":"Production at U.S. factories rose in October by more than forecast, bouncing back from the effects o","content":"<p>Production at U.S. factories rose in October by more than forecast, bouncing back from the effects of Hurricane Ida and suggesting manufacturers are having a better time addressing materials shortages.</p>\n<p>The 1.2% increase in manufacturing production followed a 0.7% decline in September, Federal Reserve data showed Tuesday. Total industrial production, which also includes mining and utility output, advanced 1.6% in October.</p>\n<p>The median estimate in a Bloomberg survey of economists called for 0.9% monthly increases in both factory production and total industrial output. The S&P 500 advanced and the yield on the 10-year Treasury note was little changed after separate data earlier showed stronger-than-expected retail sales.</p>\n<p>Healthy business investment combined with firm consumer demand have fueled orders growth for manufacturers but have also depleted inventories and resulted in increased backlogs. The report suggests that producers are working through materials shortages and employment remaining below pre-pandemic levels.</p>\n<p>The report showed that the increase in factory production was driven in part by an 11% rebound in the output of motor vehicles and parts, suggesting automakers are having more success increasing output despite the ongoing global semiconductor shortage. The gain was the largest since July of last year.</p>\n<p>Excluding autos and parts, manufacturing output rose 0.6% after a 0.2% decline a month earlier.</p>\n<p>Petroleum Recovery</p>\n<p>Factory production of non-durable goods climbed 1.3% in October, the first advance in three months and driven by petroleum and coal.</p>\n<p>“The gains in nondurable and energy materials largely reflected a return to operation for many chemical and energy facilities that had been offline due to Hurricane Ida,” the Fed said in the report. About half of the increase in total industrial production last month reflected a recovery from the effects of Ida.</p>\n<p>Categories including consumer goods, business equipment and materials all advanced from the prior month.</p>\n<p>Manufacturing capacity utilization, a measure of plant use, rose to 76.7%, the highest since January 2019. Total industrial capacity climbed to 76.4%.</p>\n<p>A separate report Monday showed manufacturers in New York state expanded in November by more than forecast as orders growth and employment accelerated. At the same time, optimism about business conditions over the next six months pulled back.</p>\n<p>Digging Deeper</p>\n<ul>\n <li><p>Utility output rose 1.2%, while mining output jumped 4.1%</p></li>\n <li><p>Oil and gas well drilling increased 9.3%, the most since January</p></li>\n <li><p>Chemical manufacturing rose 1.9%, biggest gain since May</p></li>\n <li><p>Machinery production fell 1.3%, due in part to strike activity</p></li>\n</ul>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Factory Output Rises More Than Forecast as Ida Impact Fades</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Factory Output Rises More Than Forecast as Ida Impact Fades\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-16 23:08 GMT+8 <a href=https://finance.yahoo.com/news/u-factory-output-rises-more-141650766.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Production at U.S. factories rose in October by more than forecast, bouncing back from the effects of Hurricane Ida and suggesting manufacturers are having a better time addressing materials shortages...</p>\n\n<a href=\"https://finance.yahoo.com/news/u-factory-output-rises-more-141650766.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/u-factory-output-rises-more-141650766.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123876967","content_text":"Production at U.S. factories rose in October by more than forecast, bouncing back from the effects of Hurricane Ida and suggesting manufacturers are having a better time addressing materials shortages.\nThe 1.2% increase in manufacturing production followed a 0.7% decline in September, Federal Reserve data showed Tuesday. Total industrial production, which also includes mining and utility output, advanced 1.6% in October.\nThe median estimate in a Bloomberg survey of economists called for 0.9% monthly increases in both factory production and total industrial output. The S&P 500 advanced and the yield on the 10-year Treasury note was little changed after separate data earlier showed stronger-than-expected retail sales.\nHealthy business investment combined with firm consumer demand have fueled orders growth for manufacturers but have also depleted inventories and resulted in increased backlogs. The report suggests that producers are working through materials shortages and employment remaining below pre-pandemic levels.\nThe report showed that the increase in factory production was driven in part by an 11% rebound in the output of motor vehicles and parts, suggesting automakers are having more success increasing output despite the ongoing global semiconductor shortage. The gain was the largest since July of last year.\nExcluding autos and parts, manufacturing output rose 0.6% after a 0.2% decline a month earlier.\nPetroleum Recovery\nFactory production of non-durable goods climbed 1.3% in October, the first advance in three months and driven by petroleum and coal.\n“The gains in nondurable and energy materials largely reflected a return to operation for many chemical and energy facilities that had been offline due to Hurricane Ida,” the Fed said in the report. About half of the increase in total industrial production last month reflected a recovery from the effects of Ida.\nCategories including consumer goods, business equipment and materials all advanced from the prior month.\nManufacturing capacity utilization, a measure of plant use, rose to 76.7%, the highest since January 2019. Total industrial capacity climbed to 76.4%.\nA separate report Monday showed manufacturers in New York state expanded in November by more than forecast as orders growth and employment accelerated. At the same time, optimism about business conditions over the next six months pulled back.\nDigging Deeper\n\nUtility output rose 1.2%, while mining output jumped 4.1%\nOil and gas well drilling increased 9.3%, the most since January\nChemical manufacturing rose 1.9%, biggest gain since May\nMachinery production fell 1.3%, due in part to strike activity","news_type":1},"isVote":1,"tweetType":1,"viewCount":328,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":21,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/871501144"}
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