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Factory Output Barely Rises After Tepid Gains in Prior Months

November 16, 2022


U.S. factory output rose in October by less than expected after downward revisions to prior months, suggesting manufacturing is losing some steam as domestic and global demand moderates.

The 0.1% increase in factory production last month followed a downwardly revised 0.2% advance in September, according to Federal Reserve data released Nov. 16. Including mining and utilities, total industrial output fell 0.1% in October, the second decline in three months.

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