U.S. industrial production declined in September as supply chain bottlenecks in the auto industry and lingering effects of Hurricane Ida impacted manufacturing and mining output, according to data released by the Federal Reserve on Monday.
Industrial production dropped by 1.3% in September after falling just 0.1% in August, according to data released by the Federal Reserve. September’s decline represents is the sharpest monthly drop in production since February, when inclement weather in the South and central U.S. limited factory use, The Wall Street Journal reported.
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