WASHINGTON—U.S. industrial output picked up modestly in September, a sign a key sector of the economy is weathering the hurricane-related disruption that hit the prior month. The Federal Reserve announced industrial production increased a seasonally-adjusted 0.3% in September from the previous month. “Hurricane effects may continue to suppress activity in the near term, but there will be a snapback before long, with the net result probably being little different than it would otherwise have been,” Joshua Shapiro, an economist at MFR, Inc., said in a note to clients.
U.S. Industrial Production Rose Modestly in September
- Posted October 17
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