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The Fed said that following US industrial production fell 0.2% in September, the figure was unchanged from September in October; this figure rose by 0.2% in August. In addition, the total operating rate of industrial equipment in the United States in October was 74.8%, which was in line with the revised data in September.
Economists believe that given the current high unemployment rate in the United States, the employment market is unlikely to show signs of improvement in the short term, and US consumer spending is cautious. Therefore, the company will continue to maintain its cautious attitude towards industrial production in the near future.
The U.S. Federal Reserve Board announced on the 3rd that given that the unemployment situation in the United States remains grave and the economic recovery is slow, the second round of quantitative easing monetary policy was introduced to try to promote economic recovery and create jobs. Analysts believe that given the current lack of effective demand in the United States, companies’ willingness to increase employees and purchase new equipment will be weak. This measure will not help the U.S. recovery of the real economy, but the new liquidity is very likely to give birth to the U.S. and other countries. Asset bubble.
U.S. industrial production was flat in October
According to data released by the Federal Reserve on the 16th, US industrial production, including factories, mining, and public utilities, remained flat month-on-month in October, indicating that the U.S.’s physical economic recovery momentum is still insufficient.