Manufacturing Output Is Inching Back Up

Manufacturing Inching back up

We are all feeling it the supply chain shortages, however it is looking like the wheels of manufacturing are churning again. As outlined by Axios:

The chip shortage is starting to abate — at least a little.

Manufacturing of motor vehicles jumped 11% in October, according to industrial production numbers out Tuesday from the Federal Reserve.

The big picture: GM, for one, said it would reopen all its North America plants in November, so output could improve again this month.

Yes, but: Don’t expect a full recovery any time soon. Many of those factories will be running well below full capacity, and industry estimates still imply the chip shortage will last well into next year, analysts at Capital Economics wrote in a research note

Leave a Reply

Your email address will not be published. Required fields are marked *