Subscribe Register Login

Tuesday, September 02, 2014, 1:51 a.m.
Top Picks - Mobile App

U.S. industrial production drops 0.4%

By The Associated Press

This article was published November 16, 2012 at 8:32 a.m.

— Superstorm Sandy depressed U.S. industrial output in October, while production of machinery and equipment declined sharply, reflecting a more cautious outlook among businesses.

The Federal Reserve said Friday that industrial output fell 0.4 percent last month, after a 0.2 percent gain in September.

Excluding the storm’s impact, production at the nation’s factories, mines and utilities would have been up about 0.6 percent.

Factory output, the most important component, fell 0.9 percent. It would have been unchanged without the storm.

Machinery production fell 1.9 percent, while production of electrical equipment, appliances and components declined 1.4 percent.

Comments on: U.S. industrial production drops 0.4%

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

Search 914 jobs >

Top Picks - Mobile App
Arkansas Online