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US Industrial Production Jumps 1.1% in October, Recovering Most of Spring Decline amid Covid-19 Pandemic

(AP Photo/Carlos Osorio, File)

(AP Photo/Carlos Osorio, File)

Production rebounded after a downturn in September, but still remains below pre-pandemic levels, the Federal Reserve reported Tuesday.

U.S. industrial production rose 1.1% in October, recovering much of the spring decline caused by the virus pandemic.

Production rebounded after a downturn in September, but still remains below pre-pandemic levels, the Federal Reserve reported Tuesday.

A key category that reflects manufacturing output rose 1%.

In October, industry operated at 72.8% of capacity, down from a reading of 77% of capacity a year ago.

September's number was revised upward from -0.6% to -0.4%.


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