US Industrial Production Falls on Strike, Hurricane Disruptions
- Overall output fell 0.3% in October, manufacturing slid 0.5%
- Strike cut factory output 0.5 percentage point past two months
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US industrial production declined in October as the impacts from a Boeing Co. machinists’ strike and a pair of hurricanes reverberated through manufacturing for a second month.
The 0.3% decline in output at factories, mines and utilities followed a revised 0.5% decrease a month earlier, Federal Reserve data showed Friday.