US factory output fell 08 per cent in January autos appliances and

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Josh Boak, The Associated Press Posted Feb 14, 2014 7:48 am MDT WASHINGTON – Harsh winter weather led to a steep drop in U.S. factory output in January. Manufacturers made fewer cars and trucks, appliances, furniture and carpeting, as the recent cold spell ended five straight months of increased productionThe Federal Reserve said factory production plunged 0.8 per cent in January, reversing gains of 0.3 per cent in both December and November. Automakers lost days of production because of snowstorms, as their production plummeted 5.1 per cent, the report said.Factory output rose a modest 1.3 per cent over the past 12 months.Overall industrial production, which includes manufacturing, mining and utilities, fell 0.3 per cent in January. Output for utilities rose 4.1 per cent last month as the freezing temperatures boosted heating demand.Factories responded to the weather by running at a lower 76 per cent capacity, a 0.7 percentage point drop over the month and 2.7 percentage points below the long-run average.The repeated battery of winter storms has slowed down the pace of economic growth, ending momentum that has boosted gross domestic product in the second half of last year. Cold weather last month delayed shipments of raw materials and caused some factories to shut down.The Institute for Supply Management, a trade group of purchasing managers, reported earlier this month that its index of manufacturing activity fell to 51.3 in January from 56.5 in December. It was the lowest reading since May, although any reading above 50 signals growth.Factory orders also fell 1.5 per cent in December, according to the Commerce Department. That could have contributed to less output in January.The figures suggest that U.S. manufacturing is slowing after strong gains at the end of last year. Auto sales approached 15.6 million last year but buying has since decelerated. Businesses are spending cautiously on machinery and other large factory goods. The slowdown means that economic growth in the first three months of this year will probably come in significantly below the strong 3.6 per cent annual pace in the second half of 2013.The economic forecaster Macroeconomic Advisers projected Thursday that growth this quarter would be 1.7 per cent. US factory output fell 0.8 per cent in January; autos, appliances and furniture decline FILE – In this Thursday, Jan. 9, 2014, file photo, workers assemble ovens at the new Electrolux home cooking appliance factory in Memphis, Tenn. The Federal Reserve releases industrial production for January on Friday, Feb. 14, 2014. (AP Photo/Adrian Sainz, File) read more

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Vote for the Worlds Best Mens Coach in 2011

After more than 11000 Handball fans Worldwide chose Laszlo Nagy and Heidi Loke for the World’s Best Players in 2011, there is a new opportunity to heard your opinnion. Handball-Planet.com organising the First Voting Contest for the World’s Best Men’s coach in 2011. Our Jury consisted of journalists from several European countries with International background made a list of the six coaches. They were the best in the EHF Champions League, domestic Leagues or with their National Teams at the World Championship in Sweden.Nominated coaches for the World’s Best Men’s Coach in 2011:Ulrik Wilbek (Denmark NT)Alfred Gislason (THW Kiel)Martin Schwalb (HSV Hamburg – 2010/2011)Dagur Sigurdsson (Fuchse Berlin)Claude Onesta (France NT)Xavi Pascual (F.C Barcelona)VOTE until 3rd of January! ← Previous Story Noddesbo tips another good Denmark display at the EURO 2012 Next Story → Vote for the World’s Best Women’s Coach in 2011! read more

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