Posted September 15, 2020

August industrial production up 0.4 percent

Industrial production rose 0.4 percent in August for its fourth consecutive monthly increase.

Even after the recent gains, the index in August was 7.3 percent below its pre-pandemic February level.

Manufacturing output increased 1.0 percent in August. After falling 20.3 percent between February and April, factory production has rebounded; even so, in August it was still 6.7 percent below its February level. The index for durable manufacturing rose 0.7 percent, as a decline in the output of motor vehicles and parts was more than offset by broad-based increases for other durable goods industries. The index for nondurables rose 1.2 percent, with gains of more than 3 percent for apparel and leather and for plastics and rubber products. The output of other manufacturing (publishing and logging) increased 1.9 percent.

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