Utilities, mining give industrial production a boost
Add BT as a preferred sourceWashington
US industrial production increased more than expected in December as unseasonably cold weather towards the end of the month boosted demand for heating, but manufacturing output slowed further.
The Federal Reserve said on Wednesday that industrial output surged 0.9 per cent last month also buoyed by robust gains in mining production after a downwardly revised 0.1 per cent decline in November.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Singapore banks may need to address indirect exposure to captive coal in their financing policies
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
