The Washington Post

Industrial production gains ebbed in August


U.S. industrial production slowed to a 0.4 percent gain in August as shutdowns of petroleum refineries and petrochemi­cal plants caused by Hurricane Ida curbed manufactur­ing activity.

Plant closures along the Gulf Coast as well as lost oil production during last month’s hurricane shaved 0.3 percentage points from output, the Federal Reserve reported Wednesday. Industrial output had risen a revised 0.8 percent in July.

Industrial production covers manufactur­ing, utilities and mining. For just manufactur­ing, factory output slowed to a tiny, 0.2 percent gain, reflecting the hurricane impact and continuing supply chain problems. Factory output had risen by a much stronger 1.6 percent in July.

The nation’s factories, mines and utilities operated at 76.4 percent of capacity in August, up slightly from 76.2 percent in July.

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