Industrial Production Rises Less-Than-Forecast 0.1%
roduction at U.S. factories, mines and utilities rose a less-than-expected 0.1% in August, the Federal Reserve said Wednesday.
The increase followed a 0.1% increase in July. Economists had forecast a 0.3% rise in August industrial production, Bloomberg reported.
Next month’s industrial production figures, for September, will include the full impact of Hurricane Katrina, which struck on Aug. 29, Bloomberg said.
Electricity production fell 0.6% following a 0.7% gain in July.
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