(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%).
Investors should be aware that past performance is not a reliable indicator of future results and that the price of shares and other investments, may fall as well as rise and the amount realised may be less than the original sum invested.
Walker Crips Group plc (Old Change House, 128 Queen Victoria Street, London EC4V 4BJ), registered in England, registered number 1432059, incorporates the following companies which are authorised and regulated by the Financial Conduct Authority: Walker Crips Investment Management Limited registered in England number 4774117 member of the London Stock Exchange, Walker Crips Wealth Management Limited registered in England number 3790291, Ebor Trustees Limited registered in England number 3514268, Barker Poland Asset Management LLP registered in England and Wales number OC341149.