Production at U.S. factories rose less than expected in August as Hurricane Ida compounded an ongoing struggle among manufacturers with shortages of materials and labor.
The 0.2% increase followed an upwardly revised 1.6% gain in July, Federal Reserve data showed Wednesday. Total industrial production, which also includes mining and utility output, rose 0.4% in August to finally lift the index above its pre-pandemic level.
"Factory" - Google News
September 15, 2021 at 08:18PM
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Factory Output in U.S. Rises Less Than Forecast, Dented by Ida - Bloomberg
"Factory" - Google News
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