U.S. manufacturing production unexpectedly drops in September
Tweet
Share
E-mail
FILE PHOTO: A production line employee works at the AMES Companies shovel manufacturing factory in Camp Hill, Pennsylvania, U.S. on June 29, 2017. REUTERS/Tim Aeppel
WASHINGTON (Reuters) - U.S. factory production unexpectedly fell in September, suggesting that manufacturing's recovery from the COVID-19 pandemic was slowing heading into the fourth quarter.
Manufacturing production dropped 0.3% last month, the Federal Reserve said on Friday. Data for August was revised up to show to output at factories increasing 1.2% instead of 1.0% as previously reported. Factory production remains 6.4% below its pre-pandemic level. Economists polled by Reuters had forecast manufacturing output would rise 0.7% in September.
(Reporting by Lucia Mutikani)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- 18 people were killed in Iran - Trump
- Canada 10-year yield slips as global bond markets recover
- Citi goes short USD/CAD. Here’s why
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
