Factory Production in U.S. Falls on Less Motor Vehicle Output

[Purveyor]

Source: Bloomberg

January 15, 2016 — 9:15 AM EST

Factory production declined in December for a second month as a stronger dollar and softer U.S. and global growth pinch manufacturers.

Output at factories dropped 0.1 percent, matching the previous month’s decline, figures from the Federal Reserve showed Friday. Total industrial production, which also includes mines and utilities, fell a larger-than-forecast 0.4 percent.

Factories have struggled in recent months as a stronger dollar makes American-made goods more expensive for overseas customers, and recent data show domestic demand is having trouble picking up the slack. Heightened concerns that global growth is weakening, including a slowdown in China, may extend manufacturing’s woes.

“Manufacturing, more so than the consumer, is facing quite a few headwinds, and the real drags on manufacturing aren’t really providing much hint of a relief in the near future,” said Gennadiy Goldberg, a U.S. strategist at TD Securities LLC in New York, which correctly forecast the decline in factory production. The industry will stay “soft for the time being.”

Read more: http://www.bloomberg.com/news/articles/2016-01-15/factory-production-in-u-s-falls-on-less-motor-vehicle-output

[Spitfire of ATJ]

1. The sky is falling over 0.1%.

[Purveyor]

2. That's odd. I missed the 'sky' report in the article but thanks

for commenting just the same.

[Spitfire of ATJ]

3. Wait until Bernie starts messing with Wall Street....

CNBC will act like it's the end of EVERYTHING.

As the working class in this nation see their lives improve the anchors of CNBC will talk snidely about the "Happiness Index".

[awoke_in_2003]

4. Too many businesses...

think you should have a certain amount of gain every year. Eventually, that is not possible.

[Spitfire of ATJ]

5. EXACTLY. The entire business model dictated by Wall Street is constant GROWTH.

[awoke_in_2003]

6. I work at a company that has been in aviation training

for over 60 years. Berkshire Hathaway bought it around the year 2000, I believe. After 9/11 went down, and business started slowing, they still wanted that growth. So we all said "bye-bye" to the great pension plan we had. Fucking bastards. Sorry, I couldn't think of a milder way to put it.

on edit: over that time we have seen at least 5 years with no raises, and when we did get them we were lucky to get 2.5%. That doesn't even begin to keep up with the real rate of inflation.

[Spitfire of ATJ]

7. It used to be the government that paid the dirt wages...

Now the Republicans point to government workers as being overpaid and to blame for low wages in the private sector.