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Monthly Survey of Manufacturing, September 2023
Manufacturing sales rose 0.4% to $72.8 billion in September, on higher sales in 10 of 21 subsectors, led by the petroleum and coal product (+6.3%), wood (+2.9%), and machinery (+1.3%) subsectors. The gains were partially offset by lower sales of chemicals (-1.8%) and motor vehicle parts (-2.6%). On a quarterly basis, total sales rose 1.3% in the third quarter of 2023, mainly on higher sales of petroleum and coal (+8.5%) and food (+3.6%) products. On a year-over-year basis, sales increased 3.3% in September. Total manufacturing sales in constant dollars declined 0.6% in September, indicating a lower volume of goods ... (full story)