12152017Fri
Last updateThu, 14 Dec 2017 8pm

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Manufacturing & The Economy

U.S. Industrial Output Up 0.9% in October

Industrial production rose 0.9% in October, and manufacturing increased 1.3%. The index for utilities rose 2.0%, but mining output fell 1.3%, as Hurricane Nate caused a sharp but short-lived decline in oil and gas drilling and extraction. Even so, industrial activity was boosted in October by a return to normal operations after Hurricanes Harvey and Irma suppressed production in August and September. Excluding the effects of the hurricanes, the index for total output advanced about 0.3% in October, and the index for manufacturing advanced about 0.2%. 

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