U.S. factory production rebounded in September
U.S. manufacturers saw a modest boost in output last month, led by greater production of construction supplies, cars and petroleum products.
Factory production rose 0.2 percent in September, following a decline of 0.5 percent in the previous month, the Federal Reserve said Monday.
Even with the gain, manufacturing output has been flat in the past year. The sector has been impeded by several factors: weak business spending on machinery and other equipment, a strong dollar that has made U.S. goods more expensive overseas, and sharp cutbacks in oil and gas drilling that have lowered demand for pipeline and other supplies.