09272020Sun
Last updateWed, 23 Sep 2020 9pm

Manufacturing & The Economy

U.S. Industrial Production Growth Slowed in August

Industrial production rose 0.4% in August for its fourth consecutive monthly increase. However, even after the recent gains, the index in August was 7.3% below its pre-pandemic February level. Manufacturing output increased 1.0% in August. After falling 20.3% between February and April, factory production has rebounded; even so, in August it was still 6.7% below its February level. The index for durable manufacturing rose 0.7%, as a decline in the output of motor vehicles and parts was more than offset by broad-based increases for other durable goods industries.

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