Manufacturing production decreased slightly in September, reflecting supply chain disruptions, labor shortages and rising materials costs, according to the Federal Reserve.
The numbers: Manufacturing production dipped 0.7% in September, continuing the 0.4% decline in August.
- Durable and nondurable goods production decreased 0.5% and 1.0%, respectively, in September.
The chips: The lack of chips continues to hamper motor vehicle manufacturing. In September, production in the sector decreased 7.2%, with output down 15.8% since January.
Breakdown by sector: Petroleum and coal products, chemicals, nonmetallic mineral products, food, beverages and others saw dips in production.
- However, nine of the major manufacturing sectors have seen increased production since the start of the pandemic. These include aerospace and transportation equipment, computer and electronic products and machinery.