Industrial production in the United States rose by 1.3 percent for the
month of October, according to the U.S. Federal Reserve. The increase
can be attributed to a return to normal operations at chemical plants,
oil refineries, and drilling platforms along the Gulf Coast, and to the
end of the strike against aircraft manufacturer Boeing Company. The
September numbers had plummeted by the largest amount in 60 years
largely as a result of Hurricanes Gustav and Ike and the Boeing work
stoppage. The October figure, the largest monthly increase in nine
years, far surpassed the average industry prediction of 0.2 percent.
The 1.3 percent increase is still down 4.1 percent over October 2007.
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