Bottlenecks still dragging on US industrial production in September

Summary: US industrial output contracts by 1.3% in September, contrasts with expected +0.2%; up 4.6% over past 12 months; data reminder supply bottle necks still affecting US economy; lingering effects of Hurricane Ida subtracts 0.6ppt; capacity utilisation rate falls 1ppt to 75.2%; back below February 2020 figure, still well below long-term average. The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities...

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