U.S. manufacturing output rose 0.3% in September, according to the Federal Reserve, reversing a revised 0.2% decline in August, despite a 3.0% drop in motor vehicle production. Machinery output increased 1.4% for the month, primary metals rose 1.6%, and electrical equipment climbed 1.3%, while semiconductor production jumped 2.1% and was 19.9% above a year earlier. Total manufacturing grew at a 0.7% annual rate in the third quarter, slowing from 5.6% in the second quarter. Regional surveys also pointed to expansion: the New York Fed’s general business conditions index jumped to 25.5 from 7.6, the highest since December 2021, and the Philadelphia Fed’s index stayed positive at 20.9. Both surveys reported persistent price pressures, and more than 52% of Philadelphia Fed survey respondents planned to increase capital spending in 2027.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on breitbart.com ↗
Keywords
industrial productionUSsemiconductorsDXY
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- U . S . Industrial Production Rises 0 . 7 % as Utilities Lead September Gain
The Federal Reserve said U.S. industrial production rose 0.7% in September, led by a 3.5% jump in utilities, while mining rose 0.2% and manufacturing 0.3%. August's total gain was revised up to 0.1% from no change, and output grew at a 2.8% annualized rate in the third quarter. September production was 2.2% higher than a year earlier. Preliminary capacity utilization reached 76.9%, up from a revised 76.4% in August but still 2.5 percentage points below its 1972-2025 long-run average. The Fed will publish its annual revision of these indexes on Nov. 24.
- France and the U.S. share the same debt trap. Only one has a global lifeline.
- Charting the global economy : Inflationary pressures mount in US
- Bad news for the US economy: Third-highest budget deficit in history, at 6% of GDP
The US Treasury reported a fiscal 2026 budget deficit of $1,992 billion, about 6% of GDP, up 12% from the prior year and the third-highest in history. Revenue reached $5,403 billion while spending hit $7,396 billion. Net interest costs of about $1,100 billion now exceed defence and Medicare spending, and total federal debt has passed $40,300 billion. The CBO said corporate income tax receipts fell 16%, and Treasury Secretary Scott Bessent cited $144.6 billion in tariff refunds after a Supreme Court ruling as a key factor behind the higher deficit. The CRFB warned the annual deficit could reach $3,100 billion by 2036 without policy changes.
- China industrial output, retail sales beat forecasts in September
Industrial output in China rose 5.5% year on year in September, above the 5.4% forecast and up from 5.2% in August, while retail sales of consumer goods grew 1.1%, more than double the expected 0.5%. The NBS manufacturing PMI climbed to 50.1 from 49.8, back above the 50-point expansion threshold. Third-quarter GDP grew 4.5% year on year, beating the 4.4% forecast, and the urban unemployment rate eased to 5.2% from 5.3%. Investment remained weak, with fixed-asset investment down 7.2% over January to September and real estate development investment down 20.6%, while services sales rose 5.0% against 1.0% for goods over the first nine months.
- Homebuilder Sentiment Drops To Lowest Level Since 2012
Homebuilder confidence fell to its lowest level since 2012 in the latest NAHB and Wells Fargo Housing Market Index, as rising mortgage rates and higher energy and material costs weighed on sentiment. The headline index rose one point to 38 in March, but remains well below the breakeven level of 50 that separates positive from negative conditions. NAHB Chairman Bill Owens said affordability remains a top concern for buyers and builders, who also face elevated land, labor and construction costs. NAHB Chief Economist Robert Dietz pointed to global events and energy prices as potential headwinds, while noting that efforts to reduce regulatory burdens could help improve long-term housing supply.
Related markets
Latest news
- Palantir, Datadog and chip stocks bounce back as Amazon lifts Wall Street
Tech stocks rebounded Monday even as most of Wall Street stayed weak. Palantir (PLTR) and Datadog (DDOG) each gained over 4%, with chip stocks also recovering from last week's losses. Bernstein upgraded Datadog on stronger AI-related demand, while Palantir announced a government-cloud partnership but faced a potential selling zone around $195–$200. Amazon (AMZN) rose 5% after Morgan Stanley named it a top pick, helping the Nasdaq Composite gain 1.1% and the S&P 500 add 0.4%. CoreWeave (CRWV), however, finished slightly lower at $61.12, just above its July closing low of $60.82, and nearly two-thirds of S&P 500 stocks fell.
- Prediction: Visa Will Be a $1 Trillion Company by 2030
The author predicts Visa, currently valued at $752 billion with shares at record highs and up 15% in 2026 as of Oct. 16, could reach a $1 trillion market cap by 2030. Growth drivers include the shift to digital payments and value-added services, whose revenue rose 36% year over year to $3.8 billion in the fiscal third quarter (ended June 30) and makes up 33% of the business. Visa's net profit margin of 48% compares with a 17% average for the S&P 500. Consensus estimates see EPS growing at a 14% compound annual rate from fiscal 2025 to 2028, and at 12% it could reach $21.37 by fiscal 2030. The author believes that even if the 34.6 P/E falls to 30, the market cap would still exceed $1 trillion.
- This Nvidia-Backed Cloud Computing Firm Is Reportedly In Talks To Sign A $45B Compute Deal With Anthropic
According to Bloomberg, Anthropic is in advanced talks to acquire about $45 billion of computing power from Nvidia-backed Nscale, centered on a second building at Nscale's Monarch campus in West Virginia that is slated to deliver 460 megawatts using Nvidia's Vera Rubin chips. Final terms are not set, and an agreement could come within days; both companies declined to comment. The site was first intended for Microsoft, which withdrew after signing a preliminary letter of intent. Anthropic already has infrastructure commitments with Nscale worth about $44.6 billion, according to filings tied to Nscale's upcoming public offering. Nscale closed a $3.36 billion pre-IPO round led by Third Point and is targeting a $30 billion valuation for its debut.
- Why CoreWeave's Struggles Could Weigh Down Nvidia's Stock
CoreWeave (CRWV) shares crashed last week over concerns about rising interest rates and its heavy debt load. Because Nvidia (NVDA) is a key customer and has invested billions in CoreWeave, the article argues its own stock could suffer if confidence in CoreWeave weakens. Nvidia has fallen about 2% over the past month, while CoreWeave is down well over 20%. The article notes Nvidia trades at a forward P/E of 25 and a PEG of about 0.48, well below the 1.0 cutoff, but its valuation depends on future growth, which could be questioned amid rising rates and competition from in-house chips.
- SpaceX Wants a 32-Mile Pipeline Tied Into Energy Transfer's and Kinder Morgan's Florida System. Does It Matter for Either Pipeline Stock?
On Oct. 6, the Florida Public Service Commission approved a transportation tariff for SpaceX subsidiary Coastal Connect Services to build a 32-mile pipeline in Brevard County linking to the Florida Gas Transmission Network, a roughly 5,300-mile system jointly owned by Kinder Morgan and Energy Transfer. The line will supply natural gas for Starship launches at Cape Canaveral, replacing hundreds of LNG truck deliveries, and SpaceX will build and own it. The article calls the deal small for both companies, which need only provide interconnection and offtake rather than fund construction. Energy Transfer transports about 30% of U.S. natural gas and Kinder Morgan about 40%, roughly 70% combined. Kinder Morgan yields around 3.5% and Energy Transfer around 6.8%, though Energy Transfer's MLP structure receives different tax treatment.
- Tether: Senator's investigation misses positive work that's led to lower Iran volumes
Tether CEO Paolo Ardoino says a recent Senate Democrats report, led by Senator Richard Blumenthal, missed the company's work to enforce sanctions. He claims Tether froze suspicious addresses on average 4 weeks before OFAC and NBCTF sanction designations, and before Chainalysis labelled them in 99% of cases since 2023. Ardoino says these actions led to Iran-linked stablecoin volumes declining by 94%. The Senate report, which described Tether as providing a significant financial lifeline within Iran's shadow banking network, said the company did not comprehensively freeze flagged wallets before 2024. Blumenthal is also probing Tether's relationship with its U.S. financial partner, Cantor Fitzgerald.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.