U.S. manufacturing output slows sharply in August
The Hindu
Economists polled by Reuters had forecast manufacturingproduction would gain 0.4%
Production at U.S. factories slowed more than expected in August amid disruptions from Hurricane Ida and lingering shortages of raw materials and labo ras the COVID-19 pandemic drags on.
Manufacturing output increased 0.2% last month, the Federal Reserve said on September 15. Data for July was revised to show production surging 1.6% instead of 1.4% as previously reported.
Economists polled by Reuters had forecast manufacturing production would gain 0.4%.
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