U.S. manufacturing output slowed in September as the production of computer and electronic goods fell, suggesting business spending ended the third quarter with less momentum.
Manufacturing production edged up 0.1 percent last month after advancing 0.5 percent in August, the Federal Reserve said on Monday. The report comes on the heels of a report last week showing a gauge of business spending tumbled in September.
While manufacturing accounts for only about 12 percent of the economy, these reports, taken together with data on employment and home sales, suggest the economic activity ended the July-September quarter on a weak note.
via Reuters
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Alfonso Esparza