• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Hurricane Ida Drags Industrial Production Growth to Four-Month Low in August

September 15, 2021 by Forex Winner Leave a Comment

Hurricane Ida Drags Industrial Production Growth to Four-Month Low in August

Source: Federal Reserve

Industrial production growth slowed to a four-month low in August, dragged by the late-month shutdowns brought about by Hurricane Ida. VIS is up 0.48%

  • Production grew 0.4% in August, slower than the 0.8% climb in August. This is the slowest in four months since April’s 0.1% growth.
  • Ida-related shutdowns dragged the growth by an estimated 0.2%, with plants for petrochemicals, plastic resins, and petroleum refining closed.
  • Total industrial production stood at 101.6% of its 2017 average, up 5.9% year-on-year and 0.3% higher than the pre-pandemic levels.
  • Manufacturing inched up 0.2%, with durable goods posting growth for the month. 
  • The Biggest gains were in furniture and related products, and the biggest loss was in electrical equipment, appliances, and components.
  • Non-durable goods also increased, with gains seen in food, beverage, and tobacco products for paper and for petroleum and coal offsetting losses in chemicals.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Boohoo Group Lowers Revenue Targets for Fiscal 2024

October 3, 2023

Microsoft Corp. Shares Experience 1.92% Increase

October 2, 2023

Singapore Blank-Check Company to Acquire Taiwan Social-Entertainment Platform

October 2, 2023

Footer

Forex Broker Reviews

Saxo Bank

Saxo Bank Review

July 25, 2019 By Forex Winner

FXChoice

FXChoice Review

April 23, 2019 By Forex Winner

exness

Exness Review

September 10, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Andre

FundedNext Review

August 16, 2023 By Andre

Topstep Forex Review

August 14, 2023 By Andre

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure