US manufacturing production rebounds in August
Manufacturers are less upbeat about the next six months unless the US-China trade dispute cools
17 September 2019 - 19:04
Washington – US manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production, but the outlook for factories remains weak against the backdrop of trade tensions and slowing global economies.
The fairly upbeat report from the Federal Reserve on Tuesday came as officials from the US central bank gathered for a two-day policy meeting. Fears that the year-long trade war between the US and China could derail the longest economic expansion in history are expected to compel the Fed to cut interest rates again on Wednesday...
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