Industrial production increased 0.4% in August after having been unchanged in July, the U.S. Federal Reserve reports. The gains in August were broadly based.
At 99.4% of its 2007 average, total industrial production in August was 2.7% above its year-earlier level.
Recently, Bruce Greenwald carried out a virtual Fireside Chat with Li Lu, the founder and chairman of Himalaya Capital. Greenwald and Lu covered multiple topics during the discussion, addressing everything from the value investor's approach to appraising businesses and what he had learned from his great friend Charlie Munger. The duo also discussed China's economy Read More
Capacity utilization for the industrial sector increased 0.2% in August to 77.8%. This is 0.6% above its level of a year earlier and 2.4% below its long-run (1972-2012) average.