Friday, October 16, 2009

US industrial output rises again

US industrial production rose more than expected in September, growing for the third straight month, the latest official figures have shown.

Output across the country's factories, mines and other industrial facilities expanded 0.7% in September, said the data from the Federal Reserve.

This was higher than the 0.2% rise expected by analysts and followed an upwardly revised 1.2% in August.

The US industrial sector is recovering more quickly than the retail sector.

While industrial output continues to grow, recent official figures from the Commerce Department showed that September's US retail sales registered the biggest monthly fall so far this year.

The 1.5% decline in retail sales last month was driven by plummeting car sales following the end of the government's scrappage scheme.

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