industrial production falls in September, penalized by shortages (Fed)

Industrial production fell in September in the United States, mainly because of automobile production, which still suffers from the global shortage of semiconductors, according to data released Monday by the American Central Bank (Fed).

Production fell by 1.3% in September, and automobile production alone plunged 7.2%. In addition, the data for August have been revised downwards (-0.1% instead of + 0.4% initially announced).

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