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
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
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.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.