“,”elements”:[]}],”thumb_big”:”https://etimg.etb2bimg.com/thumb/msid-119166484,imgsize-41242,width-1200,height=765,overlay-etauto/industry/us-industrial-production-rises-on-jump-in-vehicle-production.jpg”,”thumb_small”:”https://etimg.etb2bimg.com/thumb/img-size-41242/119166484.cms?width=150&height=112″,”time”:”2025-03-18 19:17:20″,”is_live”:false,”prime_id”:0,”highlights”:[],”highlights_html”:””,”also_read_available”:false,”body”:”
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US industrial production exceeded expectations last month, according to fresh data published Tuesday, buoyed by a sharp rise in the production of vehicles and parts amid rising trade uncertainty.
President Donald Trump has embarked on a trade war since taking office, hitting top trading partners like Canada, Mexico, and China, in a move that has unsettled the financial markets.
Trade uncertainty has lingered for months, but it is possible that tariff-sensitive sectors like autos have looked to produce more goods while they still face lower trade barriers.
Industrial output increased by 0.7per cent in February, after rising by a revised 0.3per cent a month earlier, the Federal Reserve said in a statement.
This was significantly above market expectations for a 0.2per cent rise, according to Briefing.com.
There was a steep rise in manufacturing output, which was “boosted by a jump of 8.5per cent in the index for motor vehicles and parts,” the Fed said.
The mining index also rose, while the index for utilities slipped 2.5per cent.
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Trade uncertainty has lingered for months, but it is possible that tariff-sensitive sectors like autos have looked to produce more goods while they still face lower trade barriers.
- Updated On Mar 18, 2025 at 07:20 PM IST
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US industrial production exceeded expectations last month, according to fresh data published Tuesday, buoyed by a sharp rise in the production of vehicles and parts amid rising trade uncertainty.
President Donald Trump has embarked on a trade war since taking office, hitting top trading partners like Canada, Mexico, and China, in a move that has unsettled the financial markets.
Trade uncertainty has lingered for months, but it is possible that tariff-sensitive sectors like autos have looked to produce more goods while they still face lower trade barriers.Industrial output increased by 0.7per cent in February, after rising by a revised 0.3per cent a month earlier, the Federal Reserve said in a statement.
This was significantly above market expectations for a 0.2per cent rise, according to Briefing.com.
There was a steep rise in manufacturing output, which was “boosted by a jump of 8.5per cent in the index for motor vehicles and parts,” the Fed said.
The mining index also rose, while the index for utilities slipped 2.5per cent.
- Published On Mar 18, 2025 at 07:17 PM IST