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Ahead of the Bell: US Industrial Production

The industrial production may be picked up the last month, although the factory production may still weak. Many companies are still worried about if increased taxation, and is likely to continue to put off buying machines and equipment.
Economists predict that production in the country's factories, mines and utilities rose 0.3% from October, in November, according to a survey FactSet. This will offset most of the 0.4% decline in October.
The federal reserve will be published report, in the eastern United States time Friday morning 9:15.
The factory production, the most important part, fell 0.9% in October. Part of the decline are blamed on Superstorm sandy, upset some factories in northeast China. Economists are predicting the influence of the storm, smaller in November's data.
Even so, many companies also held a spring big purchase, because, because they worry about "fiscal cliff". This is the combination is set to 1 month to take effect, if the President barack Obama who and republican Congressman can't achieve the budget agreement, before this, increase revenue and spending cuts.
The factory activity in November's fiscal cliff concerns continue to crack down on, other data display.
The United States manufacturing activity atrophy, November 2009 to July since the slow speed, according to a high-profile institute for supply management organizational manufacturing activity index.
Economists say, economic growth in the October to December quarter at an annualised rate lower than 2%. This will be slow in July to September quarter of the growth rate of 2.7%, too weak to quickly reduce the unemployment rate.
The job market remained stable earnings. New employment in November 146000 jobs. This is in the past year's monthly average income for 150000.
The unemployment rate fell to 7.7% - 4 years of low - from 7.9% in October. But falling happened mostly without work, because more and more people give up looking for work. Government statistics are people without work, unemployment, only when they are actively seeking a.
High unemployment and economic growth to lack the fed Wednesday in the guidance of future interest rates make a big change. The federal reserve says it plans to keep its benchmark short-term interest rates close to zero, until the unemployment rate dropped to 6.5%, at least, as long as inflation low.
This is the most obvious sign, they will keep interest rates low even in the unemployment rate drops further, economic recovery. The federal reserve also said, will continue to buy Treasury bonds and mortgage backed securities in the $85 billion every month to promote a long-term interest rates.




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