More than half of the industrial sectors produced less than they did a year earlier. Of the eight largest sectors, output fell the most sharply in transport equipment sector.
After seasonal adjustments, manufacturing output fell by 3 per cent month on month in September.
Manufacturers were more negative in October than they were in September, and were more negative about expected output in particular, a CBS release said.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!