Market News

US industrial production picks-up in August

14/09/2018 16:39

(Sharecast News) - America's factories continued to hum along in August, boosted by output of business equipment and materials. Total production increased by 0.4% month-on-month and by 4.9% year-on-year, according to the Federal Reserve. That was exactly as expected by economists, although at up by 0.2% versus July, manufacturing production fell short of forecasts for a rise of 0.4%. Mining output on the other hand continued to expand at a steady pace, helped by a steady increase in exploration activity, Barclays Research explained, rising by 0.7%, while that of utilities increased by 1.2%. The degree of capacity in use meanwhile edged-up by two tenths of a percentage point to 78.1% (consensus: 78.3%).

It is important to remember that the value of investments can go down as well as up and it is possible to get back less than you invested, especially in the early years. Past performance is no guarantee of future returns and interest rates and dividends are variable and cannot be guaranteed in the future. Any tax treatment mentioned is based on personal circumstances and current legislation which is subject to change. In the event of a client having a complaint about our services we will do our best to resolve that complaint promptly and to the client's satisfaction. However if we are unable to do so, the client may have the right to complain to the Financial Ombudsman Service. Further information can be found on the Financial Ombudsman Services's Website at