Industrial production in the US grew faster than analysts’ forecasts in March, in the third consecutive month of earnings, with manufacturing capitalizing on supply chain smoothing.
Production rose 0.9 percent from a 1.2 percent increase in February, according to data released Friday by the US Federal Reserve. Total industrial production, which excludes except manufacturing and the mining and utilities sectors, also increased by 0.9%.
Manufacturing production increased by 5.4% on an annual basis in the first quarter of 2022, while overall industrial production increased by 8.1% in the quarter, compared to the corresponding period of 2021.
Significant increase in manufacturing production in March in the vehicle sector, to + 7.8%.
Source: Capital
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