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 […]
Category: Industrial Production and Capacity Utilization Report
Hurricane Ida Stunts Industrial Production in August
Total industrial production increased 0.4% in August as Hurricane Ida stymied growth by 0.3% due to forced plant closures and other disruptions, according to the Industrial Production and Capacity Utilization Report, released Wednesday by the Federal Reserve. Overall manufacturing output rose 0.2%. Mining production fell 0.6%, reflecting hurricane-induced disruptions to oil and gas extraction in […]
