WASHINGTON — U.S. industrial production rose by a healthy 0.4
The Federal Reserve said Friday that industrial production, which includes output at factories, mines and utilities, has climbed 4.9
Factory production increased 0.2
Still, factory production has slowed over the past two months as trade conflicts have created uncertainty for the sector. The Trump administration is seeking to revamp the North American Free Trade Agreement with Mexico and Canada, has imposed tariffs on imported steel and aluminum and has slapped tariffs on goods from China and threatened to impose more.
The recent slowdown in factory output might stem from an 8
"The more modest 0.2
Mining output posted a 0.7
Production at utilizes advanced 1.2
Other reports suggest that manufacturing is healthy, despite signs that its job growth is slowing. U.S. factories grew at a faster pace in August as American industry continues to show robust health.
The Institute for Supply Management said its manufacturing index jumped rose to 61.3 in August from 58.1 in July. Anything over 50 points toward expansion and economic growth. The manufacturing index has pointed toward growth for the past two years.
Still, job growth at U.S. factories has decelerated in recent months. Manufacturers added just 36,000 factory workers for the three months that ended in August, according to the Bureau of Labor Statistics. That's down from three-month gains of as many as 90,000 earlier this year.
Josh Boak, The Associated Press