US Factory Production Rises for a Third Straight Month
- Output advanced 0.4% in September, matching prior month’s gain
- Gain was broad, including autos, appliances and computers
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US factory production rose for a third month in September, suggesting firm growth in manufacturing that’s underpinned by solid business investment and demand for consumer goods.
The 0.4% increase in output matched the upwardly revised August advance, Federal Reserve data showed Tuesday. Including mining and utilities, total industrial production also rose 0.4% in September.