Monday, March 16, 2015

The weakness of the US factory data suggest a softer economic growth

Petrochemical Plant
Getty


(Reuters) - The US industrial production fell in February for the third consecutive year that the automobile production and a range of products fell last reference to slower economic growth in the first quarter.

Factory output fell by 0.2 percent following a decline of 0.3 percent in January, the US central bank said on Monday.

"The recovery seems to hit a pothole," said Millan Mulraine, deputy chief economist at TD Securities in New York.

No comments:

Post a Comment