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US Manufacturing Output Up Modestly in September | Markets & Money News
US manufacturing output increased by 0.3% in September, recovering from a slight decline in August. Despite the positive growth, challenges loom with ongoing Middle East conflicts affecting supply chains and energy prices. Year-over-year, output is up 1.1%, but quarterly growth has slowed to an annualized rate of 0.7% in Q3, down from 5.6% in Q2. Durable goods production rose by 0.1%, while semiconductor production surged by 28.4% due to AI investments. The manufacturing landscape remains mixed
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