U.S. Markets open in 3 hrs 10 mins
  • S&P Futures

    3,400.50
    +7.00 (+0.21%)
     
  • Dow Futures

    27,611.00
    +30.00 (+0.11%)
     
  • Nasdaq Futures

    11,532.00
    +39.75 (+0.35%)
     
  • Russell 2000 Futures

    1,601.40
    -0.70 (-0.04%)
     
  • Crude Oil

    38.97
    +0.41 (+1.06%)
     
  • Gold

    1,900.90
    -4.80 (-0.25%)
     
  • Silver

    24.41
    -0.01 (-0.06%)
     
  • EUR/USD

    1.1811
    -0.0003 (-0.0236%)
     
  • 10-Yr Bond

    0.8010
    0.0000 (0.00%)
     
  • Vix

    32.57
    +5.02 (+18.22%)
     
  • GBP/USD

    1.3021
    +0.0000 (+0.0026%)
     
  • USD/JPY

    104.6690
    -0.1660 (-0.1583%)
     
  • BTC-USD

    13,158.52
    +48.99 (+0.37%)
     
  • CMC Crypto 200

    261.64
    -1.78 (-0.67%)
     
  • FTSE 100

    5,782.92
    -9.09 (-0.16%)
     
  • Nikkei 225

    23,485.80
    -8.54 (-0.04%)
     

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)