Electronics Production | May 18, 2006

Energy costs slowing down American industry expansion

According to the Federal Reserve named the rising energy costs as one important down-slowing factor for the expanding American industry.
The American is now expanding but the rising energy costs is holding back that development, according to the Federal Reserve.

"High energy prices were at the forefront of most districts' mention of cost pressures," the Fed reports. Manufacturers and service industries are facing higher costs and therefore they are trying to compensate by price increases but that is bringing mixed results for the companies.


Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news
August 13 2017 4:10 PM V8.5.9-1