Factory Output at 3-Year High
Associated Press
WASHINGTON —
The nation’s factories, mines and utilities operated at 81.3% of capacity in October, the highest operating rate in more than three years, the government reported today.
The Federal Reserve Board said that the operating rate climbed 0.3 percentage point from September, when American industry operated at 81% of capacity. It was the highest operating rate since August, 1984, when industry operated at 81.8% of capacity, and contrasted with an operating rate of just 78.8% one year ago.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
