About: http://data.cimple.eu/news-article/b9864d672b3a285422e084061e1ba22e5448c229c4a637a37ab6d05e

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/b9864d672b3a285422e084061e1ba22e5448c229c4a637a37ab6d05e Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Industrial production dropped for the first time in five months, falling 0.6 percent last month compared to August on a decline in manufacturing, the Federal Reserve reported Friday. Analysts had been forecasting a 0.6 percent increase in September amid a continued recovery from the pandemic downturn, but a 0.3 percent drop in manufacturing -- its first retreat since April -- combined with another retreat in utilities sent total output into the red, the report said. Compared to September of last year, industrial production is still down 7.3 percent despite four months of gains during the Covid-19 crisis. "Although production has recovered more than half of its February to April decline, the September reading was still 7.1 percent below its pre-pandemic February level," the Fed said, adding that manufacturing lagged by 6.4 percent. Manufacturing of motor vehicles and parts fell 4.0 percent, only slightly less than the decline in August, which combined with a drop in computers and electronics overwhelmed increases in other sectors, according to the data. Oren Klachkin of Oxford Economics said the drop in output was "one of the first real signs that the recovery is losing momentum under the weight of the ongoing health crisis and fading support from fiscal relief." Policymakers in Washington have been locked in talks for weeks over a new rescue package for the US economy to help businesses and workers, but officials say an agreement is unlikely before the November 3 presidential election. Output recovered in the third quarter overall, increasing at an annual rate of 39.8 percent after a nearly 43 percent drop in the second quarter during the height of the pandemic, the report notes. Those figures calculate the full-year result if the three-month pace was continued for 12 months. While mining, boosted by increasing oil and gas production, gained 1.7 percent in September compared to the prior month, utilities fell 5.6 percent. Oil and gas well drilling edged up following six consecutive months of declines. And installed capacity in use last month slipped by a half point to 71.5 percent, while manufacturing dipped two-tenths of a percent, the report said. hs/cs
schema:headline	US industrial output falls 0.6% in September
schema:mentions	Washington Mystics 2012 United States presidential election Industry Federal Reserve University of Oxford Pandemic Coronavirus disease 2019 Oren Waters Economic forecasting Momentum
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software