Industrial production rose 1.6% in October after falling 1.3% in September, as about half of the gain in October reflected a recovery from the effects of Hurricane Ida, according to the U.S. Federal Reserve. Manufacturing output increased 1.2% in October. Excluding a large gain in the production of motor vehicles and parts, factory output moved […]
Category: industrial production
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 […]
