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美国制造业产值创四个月最大增幅 受汽车业提振

The biggest increase in US manufacturing output in four months was boosted by the automobile industry

新浪財經 ·  Aug 17, 2021 22:54

US manufacturing output recorded the biggest increase in four months in July, rebounding above pre-pandemic levels, indicating that manufacturers are struggling to resolve supply chain chaos and supply shortages.

According to data released on Tuesday, manufacturing output increased 1.4% month-on-month in July; after the June correction, it fell 0.3%. Overall industrial output, which includes mining and utilities, increased 0.9% in July.

Economists expect a 0.7% month-on-month increase in manufacturing output and 0.5% month-on-month in industrial output. Although the results include a surge in automobile production, the range of production increases during the month was quite broad.

Strong commercial spending, stable consumer demand, and scarce inventories contributed to production growth, but as producers struggled to purchase raw materials and components, the backlog of orders also increased; the mismatch between supply and demand highlighted room for further growth in factory output, especially if producers were more successful in filling vacant positions.

Manufacturers continue to face higher input prices and near-record job vacancies. According to recent data from the Ministry of Labor, the price of processed products used in the production process rose nearly 23% year on year, the biggest year-on-year increase since 1975. Meanwhile, manufacturing job vacancies were close to a record 826,000.

Excluding automobiles and parts, manufacturing output increased 0.7%; in June it increased 0.1%.

Manufacturing capacity utilization rose to 76.6%, eventually breaking the pre-pandemic level of 75.5%. The utilization rate of total industrial capacity rose to 76.1%.

The translation is provided by third-party software.


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