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OUTPUT, DEMAND AND JOBS American industrial output fell in July, the second month running, and was only 1.8% higher than a year earlier, the smallest 12-month increase since January 1996.
However, orders for manufactured durable goods fell for the second month running in August, declining by 0.5%.In this section Overview Output, demand and jobs Prices and wages International education Money and interest rates The Economist commodity price index Stockmarkets Trade, exchange rates and budgets Current-account balances ReprintsBusinessmen in Germany are holding their nerve.
Manufacturing output fell in October for the second month running and has grown by less than 1% in the past year.
Inflation has stayed subdued: in September, it was bang on target for the second month running at 2.5%.
The index fell for the second month running, to 50.3 - down from 51.0 in July.
The index registered negative growth for the second month running, and output fell at its fastest rate since October.
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It was the fourth month running that the MediaGuardian publisher increased circulation.
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