U.S. Manufacturing Output Rises 0.2% in August, Beating Expectations
Growth was supported by recoveries in automotive and nondurable goods production, outpacing economists’ forecasts for the month.
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Terms & Concepts
Nondurable Goods: Manufactured products with a short lifespan, typically consumed or used up within three years, such as food, clothing, and paper products.
Manufacturing Output: A measure of the production of factories, mines, and utilities within a country, often used as an indicator of economic health.