Industrial output inched up in September

Wells Fargo Research Team Wells Fargo

Summary

Industrial production eked out a 0.1% gain in September, and downward revisions to prior months say more about data adjustment than they do a weaker recent trend in activity. Manufacturing output stalled due to production cuts at auto plants. The bigger picture continues to be tech-output driving the growth and offsetting weakness elsewhere.

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Wells Fargo Research Team

Wells Fargo

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