Industrial production in the U.S. was little changed in February, restrained by a slowdown in manufacturing and a decline in natural gas extraction.
The output last month at factories, mines and utilities compared with a median projection for a 0.4 percent gain in a Bloomberg News survey of economists. Production in January was revised to a 0.4 percent increase, initially reported as no change, data from the Federal Reserve showed today in Washington. Manufacturing (IPMGCHNG), which makes up about 75 percent of total output, rose at the slowest pace in three months.
Industrial automation to shape Saudi’s economy
International and local companies will be showcasing the latest innovations, products, solutions and services during Sept.9 and 10 in the Kingdom of Saudi Arabia at the first mega industrial event —
UAE’s hotel industry performing well
The UAE’s hotel industry continues to maintain robust performance as it enters the third quarter of the year. The emirate of Dubai alone has reported massive occupancy as it hosted a plethora of even