Industrial Production Slid 1.3% in September
Washington, DC, October 18, 2021--Industrial production fell 1.3% in September after moving down 0.1% in August; output was previously reported to have risen 0.4% in August, according to the Federal Reserve.
In September, manufacturing output decreased 0.7%. The production of motor vehicles and parts fell 7.2%, as shortages of semiconductors continued to hobble operations, while factory output elsewhere declined 0.3%. The output of utilities dropped 3.6%, as demand for cooling subsided after a warmer-than-usual August. Mining production fell 2.3%.