WASHINGTON (AP) — U.S. industry expanded as a slower pace in October, with manufacturing growth offsetting declines in mining and utility production.
The Federal Reserve says that industrial production rose a modest 0.1 percent last month following a 0.2 percent advance in September and a sizable 0.8 percent advance in August.
The Fed says that recent hurricanes lowered production by a slight amount in both September and October.
Factory output was up 0.3 percent in October, matching the previous month despite a big drop in auto production.
The economy has been growing at a solid rate this year. But there are concerns that the strong dollar and rising trade tensions could hurt future export sales.