Manufacturing in U.S. Climbs for First Time in Three Months
- Gain led by pickup in output of building supplies, vehicles
- Warm weather drove down utility use, oil drilling hit mining
This article is for subscribers only.
Factory output increased in October for the first time in three months as producers turned out more construction materials and motor vehicles.
The 0.4 percent advance at manufacturers exceeded the median forecast in a Bloomberg survey and followed a 0.1 percent drop in September, figures from the Federal Reserve showed Tuesday. Total industrial production unexpectedly dropped 0.2 percent for a second month as warm weather reduced electricity demand and the oil industry continued to cut back.