US industrial output rises by most since Nov '12
Washington
US INDUSTRIAL production posted the biggest gain in nearly two years in September as factory activity quickened and utilities output logged a big-weather related jump, a welcome sign on the pace of the economy's recovery.
Output at the nation's mines, factories and utilities increased 1.0 per cent after slipping 0.2 per cent in August, the Federal Reserve said on Thursday. It was the biggest rise since Nov 2012 and handily outstripped the 0.4 per cent gain expected on Wall Street.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Hong Kong growth beats forecast as recovery gains traction
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Thailand to increase daily minimum wage to 400 baht in Oct
UK set for weak growth and highest inflation in G7, OECD says
German manufacturing downturn eases in April, PMI survey shows
India RBI's FX intervention eases as conditions turn favourable for rupee