USA TODAY International Edition

INDUSTRIAL OUTPUT SLOWS TO 0.4% GAIN IN AUGUST

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U. S. industrial production slowed to a 0.4% gain in August as shutdowns of petroleum refineries and petrochemi­cal plants caused by Hurricane Ida curbed manufactur­ing activity. Plant closures long 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% in July. Industrial production covers manufactur­ing, utilities and mining. For just manufactur­ing, factory output slowed to a tiny 0.2% gain, reflecting the hurricane impact and continuing supply chain problems. Factory output had risen a much stronger 1.6% in July.

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