This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7733823.stm
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
US industrial output bounces back | US industrial output bounces back |
(41 minutes later) | |
US industrial output rebounded in October after a sharp fall in September, the Federal Reserve says. | US industrial output rebounded in October after a sharp fall in September, the Federal Reserve says. |
Output rose by 1.3% during the month, compared with a fall of 3.7% in September - the sharpest fall in production for over 60 years. | |
The upturn can in part be explained by the return to normal operating conditions following the hurricanes Gustav and Ike. | The upturn can in part be explained by the return to normal operating conditions following the hurricanes Gustav and Ike. |
The rebound was much larger than many analysts had expected. | The rebound was much larger than many analysts had expected. |
Output at US mines, which includes oil drilling, rose 6.1%, reflecting the resumption of production on Gulf Coast rigs. | Output at US mines, which includes oil drilling, rose 6.1%, reflecting the resumption of production on Gulf Coast rigs. |
Production at utility companies was up 0.4%. | Production at utility companies was up 0.4%. |
The better-than-expected output figures had little effect on the Dow Jones stock index, which was down 140.5 points, at 8358.56, in early trading. | The better-than-expected output figures had little effect on the Dow Jones stock index, which was down 140.5 points, at 8358.56, in early trading. |
Previous version
1
Next version