Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

U.S. Industrial Production Sees Largest Monthly Decline in 31 Years

10/16/2008
Production at U.S. factories, mines, and utilities dropped 2.8 percent in September, the largest monthly drop since December 1974. Industry analysts were predicting an average decline of 0.8 percent, and attribute the surprising numbers to the lingering effects of Hurricanes Gustav and Ike - mining output, which includes oil and gas-related drilling, fell 7.8 percent due to the two storms. An ongoing strike in the aircraft industry against Boeing was also blamed for the decline, as well as demand for products in housing-related industries.

Exclusive Research