Posted November 17, 2020

Industrial production rose 1.1 percent in October

Industrial production rose 1.1 percent in October but still lags pre-pandemic levels.

The index has recovered much of its 16.5 percent decline from February to April, but output in October was still 5.6 percent lower than its pre-pandemic February level.

Manufacturing output increased 1.0 percent in October but remains about 5 percent below its level in February.

The index for durable manufacturing stepped up 0.9 percent, as small drops in the indexes for furniture and related products, fabricated metal products, and motor vehicles and parts were outweighed by gains elsewhere, especially for aerospace and miscellaneous transportation equipment and for miscellaneous manufacturing. The index for nondurables rose 1.2 percent; nearly all of its components posted gains. The output of other manufacturing (publishing and logging) fell 1.5 percent.

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