US October industrial production falls on strike, hurricane disruptions
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US industrial production declined by 0.3% in October 2024; Boeing workers' 53-day strike reduced industrial production by 0.5 percentage points in September and October; manufacturing output fell by 0.5% in October after a 0.3% drop in September; aerospace equipment output plunged 5.8% in October following an 8% decline in September; Hurricanes Milton and Helene contributed to a 0.1 percentage point reduction in October production; Boeing delivered only 14 jetliners in October, the lowest in nearly four years; elevated borrowing costs and a pause in capital spending hinder US manufacturing growth.

#IndustrialProduction #Boeing #Hurricanes #Manufacturing #EconomicDecline #LaborStrike #Aerospace #FederalReserve #UsEconomy #October2024

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