Manufacturing rises by highest amount in 9 years, bouncing off a dismal performance in the previous month, according to a Federal Reserve report.

NEW YORK (CNNMoney.com) -- Industrial production grew in October, after September produced the worst dropoff in factory output in 62 years, according to a report released Monday by the Federal Reserve.
Industrial production grew a seasonally adjusted 1.3% from the previous month, surpassing the economists' consensus estimate of a 0.2% increase, according to Briefing.com. It was the largest monthly increase in factory output since October 1999.
Factory output in October only increased because production in September fell by a revised 3.7%. The Fed said September's poor output was due mainly to Hurricanes Gustav and Ike's disastrous effects on the Gulf Coast industry as well as a Boeing workers' strike that month. September's was the worst month-to-month decline since February 1946.

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