WASHINGTON – U.S. industry expanded as a slower pace in October, with manufacturing growth offsetting declines in mining and utility production.
The Federal Reserve says that industrial production rose a modest 0.1 per cent last month following a 0.2 per cent advance in September and a sizable 0.8 per cent advance in August.
The Fed says that recent hurricanes lowered production by a slight amount in both September and October.
Factory output was up 0.3 per cent in October, matching the previous month despite a big drop in auto production.
The economy has been growing at a solid rate this year. But there are concerns that the strong dollar and rising trade tensions could hurt future export sales.