US Manufacturing Flat in September

October 28, 2013 Share Print 0

U.S. manufacturing output slowed in September as the production of computer and electronic goods fell, suggesting business spending ended the third quarter with less momentum.

Manufacturing production edged up 0.1 percent last month after advancing 0.5 percent in August, the Federal Reserve said on Monday. The report comes on the heels of a report last week showing a gauge of business spending tumbled in September.

While manufacturing accounts for only about 12 percent of the economy, these reports, taken together with data on employment and home sales, suggest the economic activity ended the July-September quarter on a weak note.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.