Posted November 15, 2019

Industrial production declined in October

Industrial production fell 0.8 percent in October after declining 0.3 percent in September.

Manufacturing production decreased 0.6 percent in October. Much of this decline was due to a drop of 7.1 percent in the output of motor vehicles and parts that resulted from a strike at GM. The decreases for total industrial production, manufacturing, and motor vehicles and parts were their largest since May 2018, April 2019, and January 2019, respectively.

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