You are here

LATEST US DATA

Weakness persists at US factories as global sales stall

Strong dollar, record first-half inventory growth and energy sector woes hounded producers

BT_20151103_NAHUSDATA3NREN_1956959.jpg
Automobile demand has helped bolster factory production, with motor vehicle output increasing at a 14.9 per cent annualised rate in the third quarter after a 14.5 per cent advance.

Washington

AMERICAN manufacturing remained stuck in neutral in October as factories struggled with dwindling overseas demand and well-stocked customers at home.

The Institute for Supply Management's index was little changed at 50.1, the weakest since May 2013, after 50.2 in