Industryweek 32751 Manufacturing
Industryweek 32751 Manufacturing
Industryweek 32751 Manufacturing
Industryweek 32751 Manufacturing
Industryweek 32751 Manufacturing

US Industrial Output Up -- Small Hurricane Impact

Oct. 16, 2018
Motor vehicle production again helped drive the overall increase, with a 2.6% gain in the month, and is up more than 11% from a year earlier.

U.S. industries saw only a small hit from Hurricane Florence, which devastated parts of the mid-Atlantic region in September, and output rose at a steady pace, the government reported on Oct. 16.

Strong auto and petroleum production were again key drivers in the sector, according to the Federal Reserve.

Industrial production rose 0.3% last month compared to August, as the Fed said output growth was "held down slightly" by Florence, which shaved less than a tenth of a point off the increase.

Manufacturing posted a more modest 0.2% gain, while the mining sector, which includes the booming oil and gas industry, jumped 0.5% for its eighth consecutive increase, the report said.

The Fed said overall mining output had gained 24% since its low point in 2016, driven by oil and gas, even as drilling had declined in the last three months.

Meanwhile, utilities were flat after a big jump in August, the data showed.

Motor vehicle production again helped drive the overall increase, with a 2.6% gain in the month, and is up more than 11% from a year earlier.

Wood products and metals also rose, while the Fed said the only significant decline was in "nonmetallic mineral products."

Industrial production is up 5.1% in the year ended in September while manufacturing output has increased 3.5 % and mining surged 13.4%.

Installed capacity in use remained steady at 78.1%, which is 1.7 points below its long-run average, the report said.

Copyright Agence France-Presse, 2108

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!