US Manufacturing Output Rises in September Despite Auto Strikes

US manufacturing output rose 0.4% in September, exceeding expectations. Motor vehicle output declined due to auto worker strikes.

Production at factories showed momentum exiting the third quarter despite higher interest rates.

Durable goods manufacturing rose in the third quarter, offset by a decline in nondurable goods.

Manufacturing remains constrained by slowing demand for goods amid high interest rates.

But the manufacturing sector outlook is improving based on an increase in the ISM factory activity index.