Mexican Media Brands
U.S. Manufacturing Slowed in July
Output by U.S. manufacturers shrank 0.4% in July, deepening the decline since December to 1.5%, according to the Federal Reserve.
#economics
Share
Output by U.S. manufacturers shrank 0.4% in July, deepening the decline since December to 1.5%, according to the Federal Reserve.
The Fed says capacity utilization for manufacturing overall slipped to 75%, about 3 points below the central bank’s long-run average.
But utilization in the motor vehicle sector last month rose to 79%, its strongest all year. The Fed also says assemblies of cars and light trucks in July climbed to an annualized rate of 11.2 million units, thanks to an uptick in car production.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.