US factory production up slightly ahead of auto strike; inflation slowing

U.S. manufacturing output saw minimal growth in August due to a decline in motor vehicle production. Strikes by the United Auto Workers (UAW) union at three factories may further contract activity in the manufacturing sector. The strikes involve a small percentage of UAW members but could potentially reduce motor vehicle output by over 30%. Factory output increased by 0.1% in August, in line with expectations. Excluding motor vehicles, factory output increased by 0.6%. The strikes could disrupt supply chains and lead to higher motor vehicle prices.

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Frequently Asked Questions

Q: What was the change in US factory production in August?

A: US manufacturing output barely rose in August. Source

Q: What is the current state of inflation in the US?

A: Inflation is slowing. Source

Q: What is the status of the US auto strike?

A: There is an auto strike planned. Source

Q: How did US import prices change in August?

A: Import prices increased strongly in August. Source