
U.S. manufacturing output races to 2-1/2-year high
Production at U.S. factories rebounded more than expected in October as the drag from Hurricane Ida faded and motor vehicle output picked up, but manufacturing continues to be constrained by shortages of raw materials and labor.
Manufacturing output surged 1.2% last month to its highest level since March 2019, after falling 0.7% in September, the Federal Reserve said on Tuesday. Economists polled by Reuters had forecast manufacturing production rising 0.7%.
Output increased 4.5% compared to October 2020. Manufacturing, which accounts for 12% of the U.S. economy, is being underpinned by businesses desperate to rebuild depleted inventories.
Read Full Story
Reuters Rating
More Stories
Biden Expresses Strong Support For Finland, Sweden NATO Bids
U.S. President Joe Biden has strongly backed the bids of Finland and Sweden to join NATO in the face of...
U.S. COVID-19 cases increased threefold over past month
People queue to be tested for COVID-19 in Times Square, as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 20, 2021. REUTERS/Andrew Kelly/File PhotoRegister now for FREE unlimited access to Reuters.comWASHINGTON, May 18 (Reuters) – Health officials are considering extending the eligibility for a second COVID-19 vaccine booster dose…
Cancer drug may treat severe COVID-19, study finds
Imatinib may help patients hospitalized with severe COVID-19, according to a new study. Photo by Patrick Pelletier/Wikimedia Commons May 18 (UPI) — Patients with severe COVID-19 who received the cancer drug imatinib were less likely to die than those not treated with it, a study presented Wednesday found. Nine percent of patients hospitalized with the…
Schumer implores Fox News leaders to stop ‘amplification’ of ‘replacement theory’
Senate Majority Leader Charles Schumer (D-N.Y.) is demanding that ownership and executives at Fox News stop what he says is the “reckless...
Biden urges all Americans to reject ‘poison’ of white supremacy after Buffalo mass shooting
Joe Biden has called on all Americans to reject the "poison" of white supremacy following a "racially-motivated" mass shooting at...
Sweden Signs NATO Admission Request; Finnish Lawmakers Set To Formally Endorse Move
Sweden has signed a formal request to join NATO, a day after Stockholm announced it would seek membership in the...