In this March 24, 2021 photo, a sign stands near an entrance to a General Motors assembly plant in Wentzville, Mo. U.S. factory production in July posted the strongest gain in 4 months, reflecting a surge in production at auto plants that are still confronting major supply chain problems. The Federal Reserve reported Tuesday, Aug. 17, that manufacturing output increased 1.4% in July following decline of 0.3% in July. (AP Photo/Jeff Roberson)
WASHINGTONIn (AP) — U.S. industrial production slowed to a 0.4% gain in August as the shutdowns caused by Hurricane Ida curbed manufacturing activity.
Closures of petrochemical plants and petroleum refining along the Gulf Coast shaved 0.3 percentage points from output, the Federal Reserve reported Wednesday, which was just half the 0.8% increase recorded in July.
Industrial production covers manufacturing, utilities and mining. For just manufacturing, factory output slowed to a 0.2% gain, reflecting the hurricane impact, following a much stronger 1.6% increase in July. The August increase was led by a big gain in furniture production.
Manufacturing has been hobbled in recent months by snarled supply chains particularly in such areas as production of computer chips for cars.
Output at the nation's utilities rose 3.3% in August while output in mining was down 0.6%.7 Stocks That Would Make Great Graduation Gifts
Graduations are often seen as an ending. But they also have the potential to be an exciting new beginning. We may be biased, but we believe an ideal way to launch your graduate into the world is by helping them begin their investing education. And one way to help them do that is by having them invest in what they know.
This current crop of graduates has never lived in a world without things like iPhones, the internet, and they were the generation that likely had smartphones when they were in high school. This is a generation that has embraced and demanded relentless technological innovation. And they have rewarded the companies that have delivered.
Now it’s time to reward them, and maybe yourself as well. In this special presentation, we’ll take a look at seven stocks that would make ideal graduation gifts. Each of these stocks has a lesson(s) for graduates to take throughout their lives and careers.
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