Wednesday, October 19, 2011

September economic indicators


The Federal Reserve said industrial production grew 0.2% in September 2011, having been unchanged in August. Factory output grew for a third consecutive month, rising 0.4%.


The US Labor Department says US consumer prices rose by 0.3% in September. Stripping out food and petrol costs, so-called core prices increased by just 0.1% - the smallest gain since March.

Separate figures for September showed that construction of new homes in the US hit its fastest pace for 17 months. Statistics from the Commerce Department showed housing starts were running at a seasonally adjusted annual rate of 658,000 units, a 15% rise on August's figure and much higher than analysts' expectations.

On behalf of its UK clients selling in the US, ExportAction is encouraged by theses figures.