US Industrial Production Declines on Strike, Hurricane Effects
- Output fell 0.3% in September after large downward revision
- Boeing strike led to 8.3% drop in aerospace equipment output
A strike by aircraft machinists held down industrial production by an estimated 0.3%.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
US industrial production fell in September, restrained by a decline in factory output that reflected a strike at Boeing Co. and two hurricanes.
The 0.3% decrease in production at factories, mines and utilities followed a downwardly revised 0.3% gain a month earlier, Federal Reserve data showed Thursday.