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Production Decreased Slightly in September

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.
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