Posted November 17, 2017

Industrial production rose 0.9 percent in October

Industrial production rose 0.9 percent in October, and manufacturing increased 1.3 percent.

Industrial activity was boosted in October by a return to normal operations after Hurricanes Harvey and Irma suppressed production in August and September.

Manufacturing output rose 1.3 percent in October, and upward revisions to previous months reduced the decrease estimated for the third quarter to 1.2 percent at an annual rate. In October, the index for durables increased 0.4 percent, and the index for nondurables increased 2.3 percent. Most durable goods industries posted gains, with the largest advance, 1.0 percent, recorded by motor vehicles and parts.

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