U.S. manufacturing growth accelerated in September to the highest level since May despite supply chain problems.

U.S. industrial production slowed to a 0.4% gain in August as shutdowns of petroleum refineries and petrochemical plants caused by Hurricane Ida curbed manufacturing activity.

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.

U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months, pulled down by plunging orders for transportation equipment.

U.S. industrial production increased for a second straight month as more factories came online after being shutdown by winter ice storms.

The global shortage of semiconductors is forcing General Motors and Ford to further cut production at North American factories as chip supplies seem to be growing tighter.

– General Motors plans to build its next generation of midsize pickup trucks at a plant in Wentzville, Missouri. The plant will receive $1 billion for necessary upgrades to its paint shop, body shop and general assembly line including new tooling, machines and conveyors, according to GM. "Through this investment, General Motors is making a firm commitment to the State of Missouri, the City of Wentzville and the GM Wentzville team,” said GM president Mark Reuss. GM sells more pickups than any other automaker and we have aggressive plans to build on our strengths.”This move will help retain 4,000 jobs at the Missouri plant which opened in 1983. “Today’s announcement of a $1 billion investment will retain 4,000 jobs and shows commitment for a future mid-size truck in Wentzville.