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 sold. The Industrial Product Price Index was up 0.4% in September.
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