U.S. manufacturing production accelerated in October, though exploding new COVID-19 infections across the country could cause disruptions at factories and leave the recovery in jeopardy.
Manufacturing output increased 1.0% last month, the Federal Reserve said on Tuesday. Data for September was revised up to show production at factories gaining 0.1% instead of decreasing 0.3% as previously reported. Factory production remains below its pre-pandemic level. Economists poll had forecast manufacturing output rising 1.0% in October.