History shows economic activity that’s initially subdued due to major storms tends to get a boost amid rebuilding in later months.
U.S. factory production rose last month for the first time since June, a sign the industry is starting to regain its footing after the damage from hurricanes Harvey and Irma, Federal Reserve data showed on Oct. 17.
Factory output increased 0.1% (est. 0.2% gain) after falling 0.2%.
Total industrial production, which also includes mines and utilities, rose 0.3% (matching est.) after a revised 0.7% drop.
