US Factory Output Barely Rises After Tepid Gains in Prior Months
- Manufacturing production rose 0.1% in October, estimate 0.2%
- Prior months’ revised lower, suggesting sector losing steam
The Hanwha Q Cells solar cell and module manufacturing facility in Dalton, Georgia, on Oct. 6, 2022.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
US factory output rose in October by less than expected after downward revisions to prior months, suggesting manufacturing is losing some steam as domestic and global demand moderates.
The 0.1% increase in factory production last month followed a downwardly revised 0.2% advance in September, according to Federal Reserve data released Wednesday. Including mining and utilities, total industrial output fell 0.1% in October, the second decline in three months.