Posted October 16, 2020

Industrial production fell 0.6 percent in September

Industrial production fell 0.6 percent in September, its first decline after four consecutive months of gains.

The index increased at an annual rate of 39.8 percent for the third quarter as a whole. Although production has recovered more than half of its February to April decline, the September reading was still 7.1 percent below its pre-pandemic February level.

Manufacturing output decreased 0.3 percent in September, but it advanced at an annual rate of 53.7 percent in the third quarter.

The index for durable manufacturing fell 0.5 percent in September. Increases for primary metals, for fabricated metal products, and for aerospace and miscellaneous transportation equipment were more than outweighed by decreases elsewhere; most notably, the indexes for computer and electronic products and for motor vehicles and parts fell more than 2 1/2 percent.

The index for nondurables was unchanged, as gains for textiles and product mills, for printing and support, and for chemicals were offset by declines for petroleum and coal products, for apparel and leather, and for paper. The output of other manufacturing (publishing and logging) decreased 0.5 percent.

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