The United States industrial production continued its downward trend in November 2024, marking a sharper decline than seen in the previous month. According to the latest data updated on December 17, 2024, the industrial production indicator fell to -0.90%, a significant drop from October's figure of -0.29%.
This marks a continuing struggle for the industrial sector as it grapples with ongoing challenges. The year-over-year comparison reveals a broadening gap, with November's performance lagging behind the same month in the previous year more severely than October's.
Economists and industry experts are increasingly concerned as these figures highlight persisting weaknesses in US manufacturing and production capabilities. The current economic environment may require strategic interventions to revive the sector's output and overall contribution to the economy. Potential factors contributing to this sustained decline could include supply chain disruptions, geopolitical tensions, and evolving market demands, all of which may necessitate policy adjustments for recovery.
The material has been provided by InstaForex Company - www.instaforex.com
This marks a continuing struggle for the industrial sector as it grapples with ongoing challenges. The year-over-year comparison reveals a broadening gap, with November's performance lagging behind the same month in the previous year more severely than October's.
Economists and industry experts are increasingly concerned as these figures highlight persisting weaknesses in US manufacturing and production capabilities. The current economic environment may require strategic interventions to revive the sector's output and overall contribution to the economy. Potential factors contributing to this sustained decline could include supply chain disruptions, geopolitical tensions, and evolving market demands, all of which may necessitate policy adjustments for recovery.
The material has been provided by InstaForex Company - www.instaforex.com