U.S. markets open in 7 hours 52 minutes
  • S&P Futures

    3,433.75
    -18.00 (-0.52%)
     
  • Dow Futures

    28,038.00
    -151.00 (-0.54%)
     
  • Nasdaq Futures

    11,620.75
    -42.75 (-0.37%)
     
  • Russell 2000 Futures

    1,622.20
    -13.40 (-0.82%)
     
  • Crude Oil

    39.15
    -0.70 (-1.76%)
     
  • Gold

    1,899.10
    -6.10 (-0.32%)
     
  • Silver

    24.36
    -0.31 (-1.26%)
     
  • EUR/USD

    1.1836
    -0.0032 (-0.27%)
     
  • 10-Yr Bond

    0.8410
    0.0000 (0.00%)
     
  • Vix

    27.55
    -0.56 (-1.99%)
     
  • GBP/USD

    1.3024
    -0.0014 (-0.11%)
     
  • USD/JPY

    104.9090
    +0.2190 (+0.21%)
     
  • BTC-USD

    13,133.39
    +37.94 (+0.29%)
     
  • CMC Crypto 200

    263.86
    +2.40 (+0.92%)
     
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • Nikkei 225

    23,503.69
    -12.90 (-0.05%)
     

U.S. manufacturing production unexpectedly drops in September

FILE PHOTO: A production line employee works at the AMES Companies shovel manufacturing assembly line in Camp Hill
FILE PHOTO: A production line employee works at the AMES Companies shovel manufacturing assembly line in Camp Hill

WASHINGTON (Reuters) - U.S. factory production unexpectedly fell in September, suggesting that manufacturing's recovery from the COVID-19 pandemic was slowing heading into the fourth quarter.

Manufacturing production dropped 0.3% last month, the Federal Reserve said on Friday. Data for August was revised up to show to output at factories increasing 1.2% instead of 1.0% as previously reported. Factory production remains 6.4% below its pre-pandemic level. Economists polled by Reuters had forecast manufacturing output would rise 0.7% in September.

(Reporting by Lucia Mutikani)