Industrial production in the U.S. declined in September as supply-chain disruptions in the auto industry and lingering effects of Hurricane Ida weighed on manufacturing and mining output during the month.
Industrial production, which includes output at factory, mining and utility companies, fell 1.3% in September from the previous month.
September’s decline is the sharpest since February, when the severe winter weather disrupted factory activity.
Manufacturing output, the biggest component of industrial production, fell 0.7% in September compared with August.
Motor vehicle and parts production decreased 7.2% amid the shortage of semiconductors.
Capacity utilization, which reflects how much industries are producing compared with what they could potentially produce, fell 1% to 75.2% in September, missing expectations of a 76.5% reading.
The Right Facts will continue to monitor industrial production.