11302020Mon
Last updateWed, 25 Nov 2020 4pm

Manufacturing & The Economy

U.S. Industrial Production Fell in September

According to the Federal Reserve, industrial production fell 0.6% in September, its first decline after four consecutive months of gains. The index increased at an annual rate of 39.8% for the third quarter as a whole. Although production has recovered more than half of its February to April decline, the September reading was still 7.1% below its pre-pandemic February level.

Manufacturing output decreased 0.3% in September, but it advanced at an annual rate of 53.7% in the third quarter. The index for durable manufacturing fell 0.5% in September.

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