U.S. Industrial Production Jumps More Than Expected
Oil and gas drilling saw solid gains in September.
Oil and gas drilling saw solid gains in September.
A huge drop in manufacturing of electronics, appliances and home furniture sent output sinking while high energy prices drain demand from the rest of the economy.
Manufacturing output rose just 0.4 percent in April, compared with expectations for a 1.8 percent gain, the Federal Reserve said Friday.
A better than expected rebound for U.S. factory output led industrial output higher in October.