Mixed Results in September Industrial Production Figures
Mixed Results in September Industrial Productions Figures (BusinessInsider)
Total production rose an unexpected 0.6%, but manufacturing production growth slowed to 0.1%. The U.S. Federal Reserve released the September U.S. Industrial production data. Economists had predicted the total production rate to match August’s 0.4% rate, but they had also expected that manufacturing production growth would be at 0.3%.
Journalists were decidedly mixed in their reporting on these numbers. How do you read our production outlook? Is the glass half-empty or half-full? Comment below.