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Category: Federal Reserve
Fed: Industrial production dropped 1.3% in September
Industrial production dropped 1.3% in September after moving down 0.1% the month before, according to the U.S. Federal Reserve. Output was previously reported to have risen 0.4% in August. In September, manufacturing output decreased 0.7%. The production of motor vehicles and parts fell 7.2%, as shortages of semiconductors continued to hobble operations; factory output elsewhere […]
