U.S. Industrial Production Falls 0.3% in September: Hurricanes and Boeing Strike Impact Economy

The Federal Reserve reported a 0.3% decline in US industrial production for September 2024, reversing August’s 0.3% gain. This drop exceeded analysts’ expectations of a 0.2% decrease. Two major factors contributed to this decline. A strike by Boeing aircraft machinists impacted production by an estimated 0.3%. Additionally, Hurricanes Helene and Milton caused disruptions, accounting for […]