U.S. Manufacturing Climbs in October

November 17, 2015

Manufacturing increased in October for the first time in three months, driven by the production of more construction materials and motor vehicles, reports Bloomberg Business.

Output of motor vehicles and parts climbed 0.7 percent in October after rising 0.5 percent a month earlier. Excluding autos and parts, factory production increased 0.4 percent last month, the biggest gain since November 2014.

The figure reflected a 1.7 percent increase in the output of construction supplies. Almost all categories of big-ticket durable goods climbed in October, including appliances, electrical equipment and primary metals. Textile producers also picked up the pace of output.

Mining production, including oil drilling, dropped 1.5 percent last month after a 2.4 percent decrease in September. Oil and gas-well drilling declined 5 percent after a 4 percent retreat a month earlier.