US Industry Has Recovered Losses From Pandemic: Graph

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US Industry Has Recovered Losses From Pandemic: Graph

(Bloomberg) – US industrial production has recovered the losses suffered by the pandemic, with an advance of 0.4% in August compared to the previous month, according to data from the Federal Reserve published on Wednesday. Still, production levels have yet to reach their 2018 all-time highs as factories continue to be affected by continued supply disruptions, ranging from hurricanes to global semiconductor shortages and restrictions imposed by the delta variant. But low inventory levels and strong demand should contribute to “healthy growth in industrial production” in 2022, Oren Klachkin, senior US economist at Oxford Economics, wrote in a note Wednesday.

Nota Original:U.S. Industry Has Made Up for Losses From the Pandemic: Chart

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